Argentina's government is desperately trying to encourage farmers to sell their crops as quickly as possible, but the lack of trust that farmers have for the current administration has grown.The Argentine government seems to have expected that a devaluation of the peso would encourage increased farmer selling. However, the alternative has happened. Farmer selling has almost disappeared as grains and oilseeds are being used to counter economic instability and to preserve capital.The exchange rate increased from 5 to 8 pesos per U.S. dollar, and Argentine citizens are now allowed to save in U.S. currency. The objective of such measures was intended to calm down the demand for U.S. dollars in the black market. Unfortunately, the Argentine gove...
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.
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...