Argentina’s government has already started playing games with the export declarations allowances. They reopened the export registry for additional quantities of 100 KMT of old crop (2020/2021) against a vessel nominations, plus 500 KMT of new crop wheat and 1 MMT of new crop corn. After the announcement, corn export declarations reached 39.5 MMT for old crop and old crop wheat declarations hit 10.9 MMT. Wheat Harvest continued last week with almost 6 percent more harvested, but rains slowed progress. Total harvest reached 17.6 percent of the area, which is down 2.2 percent from last year’s pace. Due to last week’s rains, crop conditions improved again and 92 percent of the crop is rated between normal and excellen...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
In agriculture and food processing, we think a lot about infrastructure: transportation and storage, processing and packaging, distribution and delivery. It is a physical system of roads, railroads, and rivers; concrete and steel storage; processing plants, warehouses, and machinery; and, event...
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.