Argentine farmers are considering how to be strategic next season with low domestic prices and limited credit. During the past few crop cycles, they switched from wheat to barley and then back to wheat, which did not work out. Wheat farmers south of Buenos Aires have been placed in a difficult situation by excess rains that have decreased the protein content to a level below export standards. There are no vessels to load at Necochea or Brazilian millers interested in this low quality wheat. Wheat from Upriver is also suffering from low test weights.Argentina's Agricultural Ministry estimated in its last report that there will be a wheat export surplus of 7.2 MMT and ending stocks of 2.5 MMT. Exporters have purchased approximately 4.5 MMT in...
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...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.