Argentina Economic/Policy Update Argentine President Javier Milei, in a public speech this week, presented the 2025 budget that will be sent to Congress for approval. Farmers had high expectations for potential announcements that might improve their business or provide visibility concerning the future of export taxes, including the differential exchange rate, or the gap between the export dollar and the free dollar. However, the president did not address these issues. Instead, the budget proposal suggests that export tax revenue from agricultural products will double. This indicates no expected reduction in export taxes in the medium term, and it also anticipates a significant increase in exports, both in volume and value. Regarding...
Given yesterday’s headlines, today’s market action may not be what many expected. The dollar is little changed, crude oil is pulling back and stocks are trading higher. Crude may be the biggest piece of today’s reversal. Saudi Arabia is offering additional crude to Asian buyer...
Key Takeaways: Managed money is holding more than one million net-long contracts across agricultural markets, with corn, soybeans, and soymeal all reaching record net-long positions in September. Fundamental concerns surrounding yields, supplies, and global availability have helped justify the...
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.