Corn Crop Update Argentina’s corn crop continues to struggle against high temperatures and sporadic rainfall. By the end of last week, many areas needing precipitation received some relief, particularly in the northern core region and western agricultural zones. Currently, soils in the core region are at 50 percent of their maximum water capacity but are drying rapidly due to extreme heat. By the end of the week, almost all corn-growing areas experienced temperatures near or above 40°C (104°F), significantly increasing evapotranspiration and corn stress. As of today, 30 percent of the crop is rated fair to poor, 51 percent is classified as normal, and only 19 percent is in good to excellent condition. While this represen...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.