Corn To date, 17.5 percent of Argentina’s corn area has been harvested. Currently, combines are in the center of the country harvesting the early corn crop and yields continue well below recent years’ averages. However, total harvest estimates remain around 34-35 MMT. Local market prices continue to be very depressed and Argentina’s May corn futures contract fell more than $35/MT in April. In the physical market, April’s declines were more than $40/MT. There are several factors contributing to the weak markets. First, farmers are harvesting and want to sell, which is creating harvest pressure in local markets. Second, exporters no longer have obligations to comply with export permits, meaning there is now no...
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.