Argentina could be a wildcard on the corn export market, provided that crop gets sown, if the leading presidential candidate wins and fulfills his promises regarding certain reforms.Sunday, 22 November is the runoff presidential election in Argentina, which follows the initial election on 25 October between six candidates. Under Argentine electoral rules, a presidential candidate needs to win 45 percent of the initial vote outright or 40 percent with a ten-point margin over the runner-up. If there is no winner in the first round, the top two candidates move to a runoff.As we predicted (see Ag Perspectives, 23 October), a runoff was likely between Daniel Scoli, the outgoing governor of Buenos Aires Province and Mauricio Marci, the current ma...
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.