WheatWith week-on-week progress of 3.5 percentage points, Argentina’s wheat harvest has reached 98 percent of the area and is nearing completion. Total production is expected to reach approximately 18.5 MMT.Markets have shown few updates, and local wheat prices remain nearly unchanged. As a result, farmers have withdrawn supply and are generally waiting for price increases. Daily farmer selling remains low, while exporters and local mills need wheat at fixed prices. These buyers are offering limited purchasing conditions with future price determination.The slow market dynamics, lack of volatility, and absence of competition to push prices higher stem primarily from low export programs. In December, exports reached only 1.2 MMT, which, altho...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.