The Buenos Aires Grain Exchange presently estimates that the total corn area is about 3.3 million hectares, a decrease of 10 percent year-on-year. This acreage is primarily being switched from corn to soybeans. Argentine Wheat The wheat harvest made good progress this past week in Cordoba and Santa Fe with yields at 1.9 MT/hectare. Presently, almost 30 percent of Argentina's total wheat area has been completed. It is expected that the harvest will start in coming days in Buenos Aires province where almost 50 percent of the acreage is planted. The graphic image below shows the percentage of the wheat area already harvested:The core wheat region is south of Buenos Aires, and high yields are expected due to very good climate conditions this...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.