A number of South American corn exporters are very scared by the current pricing dynamics because they need movement through the ports, storehouses and other assets in order to not lose money. Argentine and Paraguayan Corn Conditions for August Onward Shipments Farmers in both Argentina and Paraguay recently experienced similar conditions and received high prices due to good international (CBOT) markets. In fact, last season Paraguay started selling at +50CU for August and September shipments with CBOT corn priced at $6.00 per bushel. However, this year the CBOT price is around $4.50 per bushel, making farmers much more reluctant to sell. The result is that now corn is originated at +85CU and the FOB market offered at +65CU and +60CU for...
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
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.