Wheat Brazilian millers are in a tight situation because they normally buy about 7 MMT per year of wheat, which primarily comes from Argentina, Uruguay and Paraguay. Small volumes are also sporadically bought from the United States, but normally to cover some specific milling needs. However, the following table shows the recent decline in wheat exports from Argentina to Brazil:Most recently, Brazilian millers have received 50 percent less wheat from Argentina. This is a primary reason why the Brazilian government was recently obligated to reduce the import tax from 10 percent to zero for U.S. and Canadian wheat; and they purchased 2.7 MMT. That is still not an adequate amount and at least another 2.2 MMT more will need to be obtained,...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.