Corn Corn has become the darling of Argentina’s local markets this week. Prices have been volatile with swings averaging $7-8/MT. Despite the volatility, farmer selling has been strong, especially for the new crop. Even with some declines, prices are still excellent for farmers and offer strong production margins. It seems that the combination of a more stable forex market, good prices, and last week’s rains are encouraging farmers to sell at a faster pace. Farmers have sold nearly 80 percent of the old crop, but prices are good and there are still some farmers who need to sell or make payments for summer planting of corn and soybeans. Exporters found they can only buy some volume at 170Z FOB parity while the FOB market was bi...
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.