Wheat Argentina’s wheat outlook for the 2023/24 season continues to worsen and fall below expectations. The lack of rainfall in the western areas of Buenos Aires province, the northern and western nucleus region, and Cordoba is hindering farmers’ ability to sow fields. Many farms either lack the moisture to sow or have only superficial moisture. Indeed, when one looks at the soil moisture profiles at one or two meters deep, the soils are dry. The costs of planting wheat are too high for farmers. Both the estimated sown area and the total expected production for Argentina’s coming wheat crop have started to decline. As an example, the province of Cordoba will sow its smallest area in the last 10 years (870,000 ha), which...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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.