Argentina's announced export quota of 1.5 MMT on wheat has left wheat market participants very disappointed with this policy development. They had been expecting the full 1.5 MMT to be released today. Argentine Wheat Update Argentine Minister of Economy Axel Kicillof announced on 13 January that there will be a 1.5 MMT export quota on wheat. The first tranche of 500,000 MT was granted today and the remaining 1 MMT will be released over time to guarantee ample supplies in the local domestic market.Wheat market participants were very disappointed with this policy development, because they were expecting the full 1.5 MMT to be released today. After all, the government increased its crop estimation up to 9.2 MMT due to favorable climate condi...
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.