Wheat Wheat prices continue to rise in Argentina’s local market, mainly due to millers’ participation as farmer sales remain low. While many mills still have sufficient stocks for a few months, they cannot afford to stop buying as there are many months remaining until the arrival of the new harvest. The overlap between the old (2022/23) and new (2023/24) crops could be even further away than expected. If the planting of new wheat fails, mills will not find the necessary relief in November/December with the harvest. At the same time, there are no incentives for farmers to sell wheat. Farmers believe that prices are low and should rise as everything indicates that a bullish trend has started for wheat prices that will only end...
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.