Corn Argentina Farmers are still focused on harvesting soybeans, which means the corn harvest is progressing very slowly and is delayed versus the prior year’s progress. Only 2.5 percent of fields were harvested last week, putting the total harvest at just 20 percent complete. The soybean harvest is one-third complete, meaning there is still plenty of time left before the corn harvest begins in earnest. Ports have been receiving an average of 65,000 MT of corn daily, a volume similar to the past few weeks. Despite the delayed harvest and small number of trucks arriving at ports, April ended with 3.9 MMT of corn exported. The current vessel lineup totals 3.2 MMT of corn, which includes one vessel for 40,000 MT destined for Brazil. T...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.