Corn Argentina At the beginning of July, Argentina’s corn harvest started moving quickly and since then has covered almost 50 percent of the area. Now one can say that its essentially finished, as the remaining 5 percent yet to be collected is on margin lands and will take time. Delays during May and June meant that more than 3 Mha were harvested from July through mid-August, which is the biggest area harvested during that time in at least five years. Consequently, the arrival of trucks to ports was considerably higher than in previous years. Upriver ports received 151,648 trucks during the period (equating to 4.4 MMT of corn, 27 percent more than 2020) and south ports received 48,400 trucks (1.4 MMT – 31 percent...
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...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.