Wheat The wheat market has, so far, been immune from the effects of Argentina’s new export taxes. Internationally, supply/demand factors for major wheat exporters (the U.S., Australia, for example) are becoming more complicated and the Brazilian crop is coming in slightly below expectations. Given all this, international futures markets are retaining their bullish trend. In Argentina, local prices have been rising slowly as harvest is finishing. Usually, this is the seasonal low point for prices, and they start to increase in April/May. The market has been trading near $170-174/MT FAS since October, but has started to heat up and spot positions are now trading above $205/MT while March delivery is $215/MT. For now, the p...
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.