Corn Many early-crop corn fields have been heavily impacted by drought and yields will be very low. Other fields have been burned or chopped early for animal feed, as farmers took advantage of the low-yielding crop to bolster scarce forage supplies. The second-crop corn is holding up better than the early-planted crop, but yield potential is far from ideal. In the February WASDE, the USDA revised Argentina's corn production lower from 52 to 47 MMT but it seems to be still far above reality. The Rosario Stock Exchange estimates a 42.5-MMT crop and the market is seeing something slightly below that. Currently, exporters have March/May export licenses for 8 MMT, a volume that seems high given the current situation, but exporters...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is reported to have finalized the purchase of 270,000 MT of wheat, including 220,000 MT of U.S. wheat. The U.S. wheat is priced at $322/MT, with an additional 50,000 MT of wheat at $297.90/MT through an international te...
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.