ANEC authorities are now seeking a new way to determine the priority of vessels in the Paranagua port. They are trying to maintain liquidity in the Paranagua paper market, but this might change if rules are not properly defined. ANEC Redefines Paranagua Lineup Brazilian grain traders met together last week in Sao Paulo for a meeting arranged by the National Association of Cereals Exporters (ANEC) to redefine the criteria for the lineup in the Paranagua port. This port, which is the most emblematic in Brazil and a reference for most port spreads in the country, has experienced increasing wait times in the past few seasons. Last year was the worst with waiting times that reached up to 100 days for soybeans and even longer for corn.ANEC auth...
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...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.