Wheat Wheat continues to be scarce in general across Latin America, but especially in Argentina. It is strange to see Argentina’s export volumes practically equal to those of Brazil. It is even possible that the cumulative December/January total may see Brazil exporting more wheat than Argentina. In December, Argentina exported 0.85 MMT versus the 0.805 MMT from Brazil. Although rains at the end of the crop cycle partly affected the quality of Brazilian wheat, the country ended up with a great season. Production will eventually be around 9 MMT and it is very likely the country will export around 2.5 MMT for 2022/23. In Argentina, on the other hand, the crop failure was so big that exports are expected around 4-5 MMT (down from...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.