Fresh Licenses Didn't Activate Argentine Corn Market The Argentine government decided to release 3 MMT of licenses for the old crop corn, and market participants were expecting a big reaction that would cause premiums to weaken and new business to develop. However, neither has happened.Premiums for Argentine corn declined from +115/110CZ down to +85/80CZ, but Brazilian corn was traded the past week at +50CZ and Black Sea below +15CZ for November and December shipments. Paraguayan corn is indicated at +40CZ with no demand. Such discounts are attracting buyers even though Black Sea quality is very poor and there are logistical problems in Brazil.Argentine exporters are finding it difficult to sell below +80CZ without losing money. Local...
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
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.