Corn Argentina’s corn planting is 94 percent completed across the expected 6.3 million hectares (Mha). Recent rains in the center and north of the country have resulted in modest crop rating improvements, but some areas are still suffering from drought. Now that the corn planting is nearly complete, there are interesting trends to analyze. The total planted area will be 150,000-200,000 hectares lower than last year, with decreases in the center and northern parts country. Conversely, planted area increased in the south. Early drought conditions during planting impacted the final corn planted area as well as the spread between early- and late-planted corn. Central and northern parts of the country were forced to de...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.