Wheat Market The chart below displays the Argentine milling rate per month for the prior three years. Argentine millers crushed 6.4 MMT during 2011, 6 MMT in 2012 and 3.9 MMT until September of 2013.It is graphically evident that the milling rate during 2013 is below the last two years. Please note the more pronounced decline in 2013 milling that occurred from June onward due to limited stocks and high prices for milling quality wheat. The milling rate has declined to about 350,000 MT per month, compared with historical rates closer to 500,000 MT per month. At the present reduced rate, Argentina's total milling would be about 5 MMT.The Brazilian government's recent authorization of an additional 600,000 MT of wheat at tax-free rates cr...
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.