Corn Argentina’s corn harvest continues to move at a slow pace as producers are still focused on harvesting soybeans and the corn still has high moisture levels. Weekly progress was reported at 0.4 percent of the area, which brings the total harvest to 25 percent completion. The harvest so far totals 12 MMT. On the commercial side, the government increased the corn exportable balance for the 2021/22 season by 5 MMT to a total of 30 MMT. At the same time, the government authorized affidavits for corn export sales of 10 MMT for the 2022/23 season. The extension of the quota for MY 2021/22 comes just as exporters were competing with local purchases for the previously authorized quota. The FAS market traded an atypical week...
What You Need to Know Today: Tensions in the Middle East escalated over the weekend with Iran demanding the U.S. make multiple concessions that are likely non-starters before traffic can flow through the Strait of Hormuz again. Saudi Arabia, Pakistan, and Turkey signed a mutual defense agreeme...
Senator John Boozman (R-Arkansas) has urged farmers to apply pressure on the failed farm bill during the August recess. His intent is to hold another vote on the legislation as soon as possible upon the Senate’s return from a five-week break on 14 September. From a parliamentary perspecti...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.