The U.S. drought continues to worsen, particularly across the central Southern Plains where the HRW wheat crop is produced. The weekly crop ratings have continued to decline, with the percentage of the crop rated good to excellent now at the lowest level ever. The ratings will decline again in the weeks ahead based on current weather forecasts. Temperatures will set record highs from South Dakota all the way to Oklahoma and Texas. Highs will be in the mid-60s across South Dakota and in the 70s and 80s south. There is no rain in sight. The latest drought monitor map clearly shows the extent of the problem and the drought persistence map shows that not much is expected to change through February.The table below shows the progression on the...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.