The general election will be held in Argentina next month (27 October) with the two leading candidates for president being the incumbent, Mauricio Macri, and Alberto Fernández. The outcome is viewed as critical for Argentine agriculture since Fernández is allied with former president Cristina Fernández de Kirchner and the Peronists who boosted export taxes during the last time in power. At one-point, agricultural export taxes represented 23 percent of government revenues. By contrast, President Macri eliminated the export tax on wheat, corn and sorghum in 2015, and reduced the tax on soybeans from 35 percent to 30 percent. Agriculture’s contribution to government revenues fell to 7 percent. As a condition for a $...
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...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.