The corn situation in Argentina is becoming more complicated because of the heavy rains over agricultural areas and numerous vessels arriving at the ports. In order to catch some volume and try to load vessels, exporters are increasing their bids up to +100 CK for spot delivery and +90 CK for May delivery. Soybeans Despite the rainfall of the past two weeks in Argentina, the harvest continued in different areas and reached slightly above 15 percent of the seeded area. Rains have started to produce some damage with approximately 400,000 hectares already lost from a total of 21,100,000. However, the first crop soybean yields in the non-flooded areas are above normal at 3.7 MT/ha. Therefore, we are still maintaining our last forecast for pro...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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.