Corn Argentina’s corn harvest advanced 9.2 percent last week, bringing the total harvest to 82 percent of the planted area. The harvest is 12 percent behind last year’s pace, but yields are above trendline, so large volumes are being originated daily. Farmer selling has increased considerable in the past few weeks and exporters are buying an average of 0.5 MMT each week. Exporters secured 0.8 MMT in the week ending 14 July, however, and 1 MMT for the week ending 21 July. There are no official numbers yet, but WPI expects another week of above-average origination for the last week of July. Farmers are harvesting large volumes and they need to keep selling (they sold 70 percent of the expected volume). Prices are st...
What You Need to Know Today: The G7 agreed to release 100 million barrels of crude oil and fuel reserves over four months, with a substantial diesel release front-loaded into the first 20 days. The announcement initially pushed crude oil lower on Friday, although it later recovered a portion o...
In a recent social media post, R-CALF unveiled its latest cattle market plan: “contracts that bind producers before establishing a base price, then tie that price to future negotiated cash transactions, should be prohibited.” That proposal aligns with recent legislation by Represent...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
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.