Corn Argentina The corn harvest has picked up speed and almost 13 percent of the area has been harvested to date. Farmer selling of corn supplies has been slowly improving, except for the week when the new “soy dollar” or “agri dollar” was announced. That week saw signifcant uncertainty and farmers suspended sales. Now, sales are rising again but are still only about half the volume sold this time last year. In any case, exporter participation in the market remains very low. They already have enough corn to meet scheduled shipments and, because they do not have to comply with export permits on time, they do not need to pay current market prices. Local consumers, on the other hand, need corn for...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.