The state of agriculture in Argentina and the loss of export competitiveness become clearer when examined through recent data. The official inflation rate for December 2024 was reported at 2.7 percent, resulting in an accumulated inflation rate of 117.8 percent for 2024. During this period, the exchange rate for grain trading rose from approximately AR$808/USD to AR$1,032/USD, marking a 27 percent increase. Commodity prices have shifted significantly. Soybeans increased in Argentine pesos from AR$265,000 ($327/MT) to AR$285,000 ($276/MT), representing a 7.5 percent increase in local currency. Wheat rose from AR$185,000 to AR$199,000, another 7.5 percent increase, while corn prices climbed by 26 percent. These increases contrast sharply with...
What You Need to Know Today: Record biofuel demand continues to support soyoil values, as EIA data show that May soyoil usage as a biofuel feedstock reached a record 1.434 billion pounds. The latest data reinforces the strength of renewable fuel demand and helps explain ongoing investment in a...
Key Takeaways: Soyoil consumption as a biofuel feedstock climbed to a record 1.434 billion pounds in May, setting a new all-time monthly high. Improved 45Z policy clarity in February 2026 has supported stronger soyoil demand from the biofuel sector by providing producers with greater certainty...
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.