Export Taxes Argentina’s difficult economic situation forced the Argentine peso to devaluate from 21 to 25.5 pesos/dollar in May. The Argentine government announced a negotiation with the IMF for a loan of $30 billion dollars to stabilize the Argentine peso. The IMF should require the government to address the fiscal deficit. As a reaction, the Agriculture Ministry announced an export duty of 15 percent for biodiesel starting next July. Argentina had already imposed an 8 percent duty on exporters after the U.S. increase on import duties to 65 percent, in an attempt to have the U.S. remove it’s import tariffs. The need for a big adjustment to fiscal policy to addres the deficit created rumors last week that Argentina might appl...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
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.