Soybeans Argentina Last week Argentina posted a few offers in the local market, although volume was small with the labor strike on Tuesday and Labor Day holiday on Wednesday. Farmers are willing sellers at higher prices. Harvest progress reached 59.3 percent last week, per the Buenos Aires Grain Exchange, and yields remain very good. Production is still estimated at 56 MMT, but some analysts suggest it could reach 60 MMT. FOB replacement is firm in basis terms, compensating for the CBOT’s recent drop. Trading houses now have negative elevation margins against the FOB market with replacement rising from -20N to 0N in just one week. May shipments were offered at -27N FOB last week (minimum 32.5 percent protein), but those levels hi...
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.