Rosario Exchanges Cuts Forecast for Argentine Soybean Production The Rosario Grains Exchange today reduced its forecast for Argentine soybean production this year from 53 MMT to 48 MMT. It said the reduction was because of the extreme heat that has impacted northern parts of the country. It singled out the province of Salta as an area where the crop is in very serious condition because of drought in consecutive years. The exchange said the country's national average yield this year will be 2.5 MT/hectare (37.1 bushels/acre). The average yield in Buenos Aires province is forecasted at 2.5 MT/hectare, while the yield in Cordoba province is forecasted at 2.65 MT/hectare (39.4 bushels/acre).The exchange release indicated rains that fell 18-1...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
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 €...
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.