The Buenos Aires Grain Exchange announced that the average yield for Argentina’s 2021/22 wheat crop will be 3.44 MT/hectare. That is the highest yield since the country hit 3.55 MT/ha in 2011/12 and is attributed to timely rains. Argentina’s yield is higher than the average U.S. wheat yield but both are strikingly low relative to many other wheat producing nations. In fact, Argentina’s near record wheat yield this year ranks it at number 27 in the world, which is more like a grade of C. At an R2 of 0.19, rainfall and wheat yields are not well correlated among top producing nations. This is because national rainfall statistics may not match precipitation in narrower wheat production areas, plus the heavy use of irrig...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.