Little Rain in Dry Argentine Areas until March Two weather forecasters in Argentina have told Reuters that they do not expect any break in the drought impacting parts of Argentina until at least March. "The situation is serious. It would almost take a miracle for the drought not to continue through the rest of February," said German Heinzenknecht of the Applied Climatology consultancy. Eduardo Sierre, a climate expert at the Buenos Aires Grains Exchange, also indicated heavy rains are unlikely in those areas over coming weeks. Last week the Buenos Aires Grain Exchange cut its forecast for the Argentine soybean crop to 50 MMT and is expected to reduce that number further in its next forecast. Emilce Terre, head of research at the Rosarios...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.