Corn Argentina It has been a very interesting week for the corn market. Argentina’s corn harvest is moving slowly with rains and high soil moisture delaying progress. The Buenos Aires Grain Exchange said the harvest advanced 28 percent last week, bringing the total harvest to 17 percent. That figure is very delayed versus the average for this time of year. Yields are within the average of the past few years but lower than the past campaign. The vessel line up remains steady at roughly 2.5 MMT and last week saw an increase in the trucks arriving to ports. The average truck arrival pace ticked up to 3,000/day. Even with the increase in grain deliveries, vessel waiting times are increasing and grain ports have a 6-8 day wa...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.