The Argentine soybean harvest is 90 percent complete, while farmer selling is only 35 percent finished, which is significantly behind the historical pace. The end result is that Argentina will likely compete later against U.S. origin from August onward. Rapid Changes in South American Soybean Basis Market participants are struggling to react to the recent adjustments in the South American soybean basis. Two weeks ago, the basis in Brazil for August cargoes was trading at +68SQ and for July at -4SN to 0SN, while Paranagua for July was worth around -20SN. Since then, the Paranagua paper market suddenly increased 5-7 cents per day and settled at about +20SN. This caused the cargo levels to increase from approximately 0SN to +40SN for July an...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.