This year Argentine farmers have sold 1.57 MMT fewer soybeans than the total for the same date a year ago. The most important information for the market is the unsold balance that producers retain, which is 35.76 MMT for this crop. Argentina The Rate of Currency Devaluation in Argentina Increases Argentina's Central Bank has increased the rate of currency devaluation since the beginning of June, and the peso has declined to a value of 8.12 against the USD. Market participants also seem convinced that the peso's decline will accelerate toward July because of the nation's poor balance of payments. The apparent aim of the Central Bank is to devalue the currency approximately 2 percent a month in order to offset any increases in interest rat...
What You Need to Know Today: Oil prices surged today following reports of tanker attacks off the coast of Saudi Arabia by Houthi rebels and renewed U.S. threats to escalate military strikes against Iran, heightening concerns over potential disruptions to Middle East energy supplies. Brent crud...
Key Takeaways: The latest UN data shows solid progress reducing global hunger and food insecurity. The geography of hunger-affected people has shifted substantially, however, and Africa is now the most affected region. To understand why hunger patterns have shifted and what policy option...
USDA’s monthly cattle on feed report for 1 July will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 102.2 percent of last year. Those estimates imply an on-feed inventory of 11.327 million head. If accurate, that would be the...
From WPI Consulting
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.