CORN Argentina In Argentina, after several weeks of intense and frequent rainfall, weather conditions have improved, with clear days, dry cold, and wind supporting both soil and grain drying. Harvest activity has resumed; however, producers continue to prioritize soybeans, limiting progress in corn. Over the past week, only 1.5 percent of the area was harvested, with total progress still below 30 percent. Early corn is nearly complete across most of the agricultural region and ready for harvest. Late corn requires additional time but continues to develop under very favorable conditions, with 97.8 percent of the area rated from normal to excellent. Production estimates remain near 60 MMT. In the local market, prices remain firm at around $19...
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.