Argentina’s incoming finance minister told the newspaper La Nation that the government wants to unify the nation’s exchange rate beginning 14 December. The effect of doing so may be an increase of 57.5 percent in the number of pesos farmers receive for their crops. New Argentine Government Wants to Unify Exchange Rates on 14 December Argentina’s incoming finance minister told the newspaper La Nation that the government wants to unify the nation’s exchange rate beginning 14 December. Currently, the official exchange rate is 9.7275 pesos to the U.S. dollar versus the unofficial blue market rate of 15.32 pesos to the U.S. dollar. It is not clear whether the government wants to do this in one step or several stages.The effect of unifying the...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.