Corn Argentina’s corn markets are largely following the past few week’s trend. Farmers seem to be increasingly comfortable selling corn rather than soybeans, which is resulting in strong corn volumes each week. Last week started with slow origination and small volumes through Wednesday as exporters tried to push prices lower. They failed as farmers only sold small volumes. Once exporters increased bids, larger volumes started appearing again. At the end, over 600,000 MT of corn was originated for the first week of March 2021. FAS prices were slightly below those of the prior week, which helped ease replacement values. Corn is worth about 48K for spot position and 55K for April and May delivery in the FAS mar...
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.