The Buenos Aires Grain Exchange recently toured the region south of Buenos Aires and estimates that 150,000 hectares have been entirely lost to flooding. This acreage consists of 60,000 hectares planted to wheat and 90,000 planted to barley. Soybeans There is presently no wait time at the port of Paranagua for soybeans. This is a result of the recent drop in Chicago soybean contracts, which is making Argentine and Brazilian soybeans totally uncompetitive against the U.S. where prices in the U.S. Gulf for September are $318/MT and $308/MT CNF.Planted acreage in November and December could be substantially different in South America because soybeans are the least expensive crop to plant. Unlike their U.S. counterparts, farmers there manage...
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.