Soybeans Argentina Soybean seeding in Argentina is almost finished with 98 percent of the projected area (18 million hectares) covered and less than 400,000 hectares in the northern provinces still awaiting rains. Loss of the seeding window remains a risk due to dry weather, especially in the northwest region. La Nina is expected for the duration of the summer, also possibly reducing yields with dry conditions. Exporters are forecasting a smaller crop (52-53 MMT) than the latest USDA WASDE as well as a reduced export program. Farmers in Argentina usually store soybeans and sell other crops to fulfill their cash needs while awaiting a currency devaluation or better prices. With the exchange rate liberated and the new regulation decreasing...
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
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.