Corn Local offers in the free aside shipment (FAS) market are approximately ARS 900 ($156/MT) and farmer selling below that is nil. Some consumers are paying ARS 910-920 ($157.70-159.50/MT). Considering those prices and export taxes at $43/MT, the FOB replacement is approximately +90/95CZ. A few exporters are willing to discount the market and offer the corn at +90/85CZ, but demand is not appearing. One of the biggest buyers for this crop is Colombia, and it is now buying U.S. corn. In fact, USDA reported this week that Colombia bought about 600,000 MT of U.S. corn for October, November and December shipment.Colombian consumers really like Argentine corn and buy it in combination with Hipro meal. Argentina is a favorable origin for pur...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.