Corn As WPI readers are well aware, corn prices/basis have risen around the world due to strong demand, most notably Chinese purchases, and tightening supplies. During the past few days, however, world demand has slowed and premiums are reversing their higher trend. For South American origins, premiums seem to have collapsed in the past few days. In Argentina, November/December corn was offered at 175Z a few weeks ago with bids at 165Z. This week offers are at 155Z with no bids in sight. For Brazil, December corn was offered at 200Z and it was hard to imagine a downside, but now offers stand at 185Z versus bids at 165Z. Despite the 20-cent reduction in offer-side premiums, it seems that prices in Argentina did not fall as muc...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.