Winter Crops In a few months, farmers will start planting the winter crops. That means they are deciding whether to plant wheat or barley as a second crop before soybeans and the decision is not easy under current circumstances. Argentine farmers are not only evaluating prices between barley and wheat, but also political risks in Argentina and abroad. The biggest area where farmers often switch between wheat and barley is in the south of the core agricultural area. In the center and north of the agricultural region, most farmers always plant wheat, due to soil, weather conditions, and market prices. This is the reason why Argentina’s wheat crop is 4-5 times larger than the barely crop in most years. World demand and tra...
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.