Shipments of Argentine soybeans are quite delayed this season due to a late harvest, quality issues and problems in the port of Necochea that limit the draft on ships to 190 MT. This dynamic is placing several exporters under serious financial strain. Soybeans The Argentine government this week announced a "possible" decrease in the biodiesel taxes from 21.7 percent to 11 percent. Exporters are checking every day for this potential tariff reduction. Like many other announcements by the Argentine government, this one has not yet been implemented, and there is a big question as to whether it will.It is noteworthy that the current export duties are not a fixed rate. Instead, they are determined by the government and subject to fuel prices. M...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.