Wheat Brazilian millers are in a tight situation because they normally buy about 7 MMT per year of wheat, which primarily comes from Argentina, Uruguay and Paraguay. Small volumes are also sporadically bought from the United States, but normally to cover some specific milling needs. However, the following table shows the recent decline in wheat exports from Argentina to Brazil:Most recently, Brazilian millers have received 50 percent less wheat from Argentina. This is a primary reason why the Brazilian government was recently obligated to reduce the import tax from 10 percent to zero for U.S. and Canadian wheat; and they purchased 2.7 MMT. That is still not an adequate amount and at least another 2.2 MMT more will need to be obtained,...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.