Corn During January, most of Argentina’s agricultural region received an average of 100 mm of rain, which helped to partly reverse several months of extreme drought. This gave a second life to late planted corn, which was planted late to avoid pollinating/kernel filling during late December and January. Those two months are typically times of high temperatures and low rainfall. Yield potential is affected throughout the crop but especially in the early crop. In the core agricultural region losses of up to 70 percent are predicted for the early corn and approximately 20 percent for late corn. The forecasts have changed and now no additional rains are expected for the next two weeks. It is important to maintain rainfall r...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.