Argentina’s Wheat/Corn Trust The Argentine government is being creative in trying to control inflation rates. They are trying to control local wheat and corn prices by creating a “trust fund” for domestic market consumption. Exporters will have to contribute about $150 million to the fund (though the amount is not confirmed yet) that will be used to subsidize local consumers. What the government doesn’t realize, or won’t acknowledge, is that farmers will ultimately pay for the “trust fund” as exporters will extract their payment from the FAS prices they bid. Farmers are understandably furious with this decision (that has not yet been officially announced) and started meeting this weekend to...
With no bullish surprise out of Beijing this week and good weather taking over many global crop areas, funds spent the past couple of days selling off the peak positions they had built. CNN’s Live Updates blared, “No signs Trump and Xi resolved any thorny challenges.” By...
Key Takeaways Weather conditions in China and India are deteriorating and threatening the wheat crops. Drought conditions in China are not without precedent, and modeling efforts suggest a modest 1.5 percent yield reduction vs. 2025. India’s wheat yields are forecast to fall 3 perc...
The long-awaited meeting between President Trump and President Xi of China has concluded, and details are elusive, though Trump stated today that he and Xi made some “fantastic” trade deals. Both countries reported the meetings as a success, but that has more to do with positioning...
From WPI Consulting
Illuminating the value of technical research
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