An interesting study released by AACREA this past week seems to conclude that it will be difficult for Argentine farmers to financially break even this season on corn produced more than 30 km away from ports and soybeans more than 117 km away. Uncertain Soybean Production The last cargo of Argentine soybeans may have been sold for 2014/15, trading at 85 SX for November shipment. This seems close to PNW pricing levels, considering those stocks are offered at 160 SX CFR and freight from Argentina is $0.77. Of course these levels are well below the FOB replacement in Argentina (+140 SX). Consequently, this is why that cargo might have been the final one of the 2014/15 season, which totaled approximately 11.5 MMT in exports and a carryo...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.