The corn situation in Argentina is not improving yet, and some are starting to think that the lineups will not ease until at least the end of July. Meanwhile, local prices are still very high compared with the FOB. For nearby shipments, origination is more than +130 CN and FOB is offered at 90-95 CN. Soybeans Soybean exports had a quiet week in Argentina. It is difficult to find any offers there or in Uruguay. Nominal levels for June cargoes are at 35 SN, while July should be trading in the low 40s and August at 50 SN. Offers on the CNF have a big discount versus FOB parity. June was offered at 70 SN (FOB equivalent +7 SN) and July at 80 SN CNF China this week. The CNF market was also discounted from the FOB market last week. It seems tha...
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...
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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.