Corn ARGENTINE EXPORTERS CANCEL FAS CORN CONTRACTS Argentine exporters recently cancelled some FAS corn purchases because of delays delivering the product to ports. Corn that had been sold on average at $200/MT FAS Rosario was unable to meet delivery deadlines, and contracts were cancelled. The market difference shall be paid from farmers to exporters. Delay on corn deliveries to ports were the result of bad weather and farmers concentrating on the soybean harvest. Export programs were concentrated for March-May, with the subsequent purchases for these months.The delayed deliveries caused an increase of the corn lineup, with vessels waiting more than a month to load the cereal. Exporters were forced to pay very high demurrage costs on v...
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.