Corn Market The Argentine corn FOB market continues to be pretty similar to what was reported last week. Some trading houses are running out of corn export licenses, so there are not very many offers FOB. The government this week began authorizing the 2.75 MMT of corn export licenses. Thus far at least 500,000 MT were approved. The market believes that trading houses could cover some of the export license shortage before starting to sell again.Only one trade was reported during the last week when October shipment was worth -70 CZ. One seller was willing to trade at that level, while the rest were at -60 CZ. November and December shipments are offered at -60/-65 CZ, but demand was waiting to trade at about -75 CZ. Buyers were looking for...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.