Wheat Market The old crop wheat market has disappeared. New crop wheat is being harvested and the first shipment will take place in December. No trades were reported lately for the new crop, but offers remained at $355/MT for December and January against absent demand. As some trading houses are scared about the protein content the crop could have, they have been offering wheat with 11.5 percent protein out of Upriver ports at a $10/MT to the 12 percent protein wheat. There were a couple offers at $345/MT, but there is no demand for this wheat just yet. There is nothing new or interesting to mention about Argentine wheat.The Uruguayan wheat market also remained quiet and unchanged. There were a couple offers at $340/MT for 11.5 percent p...
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
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.