Adverse weather conditions in Argentina and parts of Brazil are starting to slowly change the dynamics of the corn market (or at least the world numbers). USDA’s latest estimate of Argentine corn production is 42 MMT, but some analysts are now thinking it could drop to as low as 36-38 MMT IF the 10-day weather forecast for very hot, dry conditions proves to be accurate. This is because the crop is in a very vulnerable stage of development. Weather in Brazil is also starting to impact that country’s production but for a very different reason. The more important corn crop there, especially for export purposes, is the safrinha or second crop. This is planted following the soybean harvest, which ongoing wet weather is now starting t...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.