Corn Rains that have fallen so far in 2023 indicate a possible change in the South American weather pattern. They have been good in terms of quantity and regularity and have been covering practically the entire agricultural area. In addition, forecasts continue to be favorable for the next week or two. Argentina is in the final days of the late corn planting window and farmers are taking advantage of soil moisture to finish. Although a lot of irreparable damage has been done to the corn crop, the Buenos Aires Grain Exchange shows an improvement in crop condition and moisture condition. A high percentage of early corn has much lower yield potential than usual. The late corn crop can still recover most of its potential if beneficial r...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is reported to have finalized the purchase of 270,000 MT of wheat, including 220,000 MT of U.S. wheat. The U.S. wheat is priced at $322/MT, with an additional 50,000 MT of wheat at $297.90/MT through an international te...
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.