This year Argentine farmers have sold 1.57 MMT fewer soybeans than the total for the same date a year ago. The most important information for the market is the unsold balance that producers retain, which is 35.76 MMT for this crop. Argentina The Rate of Currency Devaluation in Argentina Increases Argentina's Central Bank has increased the rate of currency devaluation since the beginning of June, and the peso has declined to a value of 8.12 against the USD. Market participants also seem convinced that the peso's decline will accelerate toward July because of the nation's poor balance of payments. The apparent aim of the Central Bank is to devalue the currency approximately 2 percent a month in order to offset any increases in interest rat...
What You Need to Know Today: The Trump administration announced new tariffs of 10 percent to 12.5 percent on imports from 60 major U.S. trading partners as part of a Section 301 action aimed at combating forced labor in global supply chains. Countries that have agreed to adopt and enforce bans...
Key Takeaways: Grain futures pulled back sharply in overnight trade Friday on rumors that Ukraine proposed two possible options for ensuring civilian vessel safety in the Black Sea. Both Russia and Ukraine have recently targeted civilian vessels carrying oil and grain in the Sea of Azov...
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.