Argentine farmer selling stands at around 20 percent of the crop. However, the market dried up after the Brazilian political scandal moved the CBOT lower. The lack of farmer selling is a problem for Argentina, but there is also another one. Soybeans Argentina Farmer selling stands at around 20 percent of the crop. However, the market dried up after the Brazilian political scandal moved the CBOT lower, leaving no competitive offers compared to Brazil. Only one FOB cargo was traded last week at $0.32N FOB for 15 June-15 July shipment. Offers this week for June and July are $0.35N and $0.40N, respectively. Replacement is around $0.45-0.50, so basis should remain strong in the coming days.The levels offered in Argentina (in fact, Argentine/U...
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.