Concerns have been mounting that Argentina could completely lose market share in wheat this season and may need to reduce prices by at least $20-30/MT in order to compete. Soybeans: Good Movement in South America There was some good trading volume of soybeans in South America this week despite the heavy rains in Matto Grosso. This rainy weather at the end of the month is starting to delay shipments and raising some concerns for exporters. Nevertheless, Monday was an active shipping day in Brazil. The Chinese purchased about eight cargoes. Although crush margin remains negative, it seems that risk of a smaller Brazilian crop (some estimate around 85 MMT) has attracted the attention of buyers. Cargoes traded at +185SN for June shipment CNF...
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.