Corn Despite stable FAS prices near $200-205/MT, Argentina’s market saw traded volume decrease. Even so, October is almost here, and farmers have sold 40 MMT of corn and ongoing volumes are still significant. Farmers sold more than 1.2 MMT in the first three weeks of September and more than 2 MMT during August. Prices are good and with the prospect of a bumper crop appearing in 2022, selling now seems like a good strategy. Also, it seems the crop could have been a bit higher than expectations of 50.5 MMT. Exporters have come close to buying the total export surplus (38.5 MMT) and have registered export sales for 36.5 MMT, and plan to continue registering. Notably, however, exporters haven’t sold those 36.5 MMT yet. Expor...
What You Need to Know Today: This time of year, grain markets are often just one weather forecast away from a sharp rally, and today's hotter, drier outlook provided the catalyst for significant gains in corn and soybean futures. Livestock markets were relatively quiet by comparison, with most...
Corn Argentina Argentina's corn harvest has reached 52.9 percent of the national harvestable area, with an average yield of 8.15 MT/ha. Harvest continues at a moderate pace because of high grain and field moisture, particularly across central and southern Buenos Aires Province. Over the past se...
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.