Shipments of Argentine soybeans are quite delayed this season due to a late harvest, quality issues and problems in the port of Necochea that limit the draft on ships to 190 MT. This dynamic is placing several exporters under serious financial strain. Soybeans The Argentine government this week announced a "possible" decrease in the biodiesel taxes from 21.7 percent to 11 percent. Exporters are checking every day for this potential tariff reduction. Like many other announcements by the Argentine government, this one has not yet been implemented, and there is a big question as to whether it will.It is noteworthy that the current export duties are not a fixed rate. Instead, they are determined by the government and subject to fuel prices. 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.