The rapid increase in Argentine corn export premiums continues as they climb to the mid-90s for August-October shipment. Typically, fast-rising premiums leave buyers reluctant to pay the higher prices. However, trades were performed this week at 90 CU for September and 115 CU for July. Soybeans After a week of heavy rains in Argentina, harvest is set to finish with only 1.5 percent left to be completed, mostly in small areas of Buenos Aires, Santa Fe and Cordoba. Current estimates put production at 56 MMT.Meanwhile, more export licenses were released this week, bringing the total to 7.8 MMT thus far. Assuming they can be increased by 5 percent, the 2016 export program for soybeans could be around 8 MMT. Argentina was able to load 5.1 MMT...
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
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.