Argentine corn licenses for new crop have been issued for the time period from 15 March onward. However, early-seeded corn is presently being harvested, and Argentina has historically begun exports for new crop corn by the end of February.Argentina's core agricultural areas received rains during the past week that were necessary for good development of summer crops. Both corn and soybeans are in great conditions with high yields expected. That yield increase is expected to completely offset any acreage reduction. The present estimate is that Argentine corn production will be about 25 MMT, although only 6.5 MMT of corn export licenses have been made available. A similar lethargic release of export licenses seems to be occurring for an Argent...
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
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.