Last week was a short one for trading with Monday having been an Argentine holiday and Thursday marking the U.S. Thanksgiving holiday. Markets were, of course, extremely volatile on Friday, and these factors combined to keep developments limited in both FAS and FOB markets. Wheat Good weather conditions (dry with high temperatures) plus adequate grain moisture is allowing the wheat harvest to move at full speed. With a weakly progress of 15.2 percent, the total harvest reached almost 33 percent of the planted area. The biggest progress was in the nucleus region where yields are above expectations. The Buenos Aires Grain Exchange increased its estimate of the crop from 19.8 MMT to 20.3 MMT, but the market still thinks it will...
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
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.