High Mississippi Barge Rates Make PNW Soy Shipments a Bargain Normally, cash prices for soybeans are about $0.50/bushel ($18.40/MT) higher at export elevators in the Pacific Northwest (PNW) than at those located along the Mississippi River. However, the premium has dropped to no more than around $05/bushel for June shipment because flooding along that river has caused a surge in barge freight rates there. In the near term, U.S. soybean shipments from the PNW are a bargain because of the lower ocean freight costs to Asia from that location. Asian buyers who usually do not source many soybeans from the PNW should now be booking cargoes from that location. This includes buyers in Japan, Korea, Thailand, Vietnam, Pakistan and Bangladesh. &nb...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.