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: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.