A number of South American corn exporters are very scared by the current pricing dynamics because they need movement through the ports, storehouses and other assets in order to not lose money. Argentine and Paraguayan Corn Conditions for August Onward Shipments Farmers in both Argentina and Paraguay recently experienced similar conditions and received high prices due to good international (CBOT) markets. In fact, last season Paraguay started selling at +50CU for August and September shipments with CBOT corn priced at $6.00 per bushel. However, this year the CBOT price is around $4.50 per bushel, making farmers much more reluctant to sell. The result is that now corn is originated at +85CU and the FOB market offered at +65CU and +60CU for...
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...
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.