Argentine soybean farmers are selling their crop at the slowest pace in 10 years as producers bet on the likely effects of libertarian President Javier Milei’s actions on commodity markets, including a weakening of the peso and potential tax relief. The sales are a quarter below where they were last year. The latest government data show that farmers in Argentina, the world's largest exporter of soybean oil and meal, have sold 8.4 MMT of 2024/25 soybeans as of 19 March, equivalent to 17.3 to 18.1 percent of the expected harvest. That marked the slowest pace since the 2014/15 season when 15.7 percent of the soy harvest was sold at this point. Producers are selling only what they need to cover their expenses. It's another year wher...
What You Need to Know Today: Non-farm payrolls rose by 172,000 jobs in May, above economist expectations of 80,000 jobs. With the job market strong, the Fed may consider raising interest rates to tame inflation. The strong jobs report was a catalyst for lower risk appetite across financial and...
What You Need to Know Today: A case of New World Screwworm was detected in Texas, the first in the U.S. since 1966. With cases creeping closer to the U.S. border, it was only a matter of time. APHIS confirmed that larvae were detected in the umbilical area of a 3-week-old calf in Zavala County...
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.