South American soybean prices have been hesitant to follow futures markets higher. The result is that Argentine basis continued to weaken last week. Corn The Argentine corn market is becoming active as increased farmer selling is met by consistent demand in the export market. An important reason for this expanded activity is that Argentine corn has become competitively priced on the global market. The end results are sales to North Africa (Morocco, Algeria), South America (Peru, Chile) and the Caribbean (Dominican Republic).Even though the Argentine corn harvest was delayed this season, recent price increases are creating an incentive for farmers to move their grain in large volumes. The rate of sales to date has reached approximately 9 M...
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.