Wheat According to the Buenos Aires Grain Exchange, Argentina’s wheat planting reached 98.5 percent of the expected 6.3 Mha last week, with some localized rains allowing producers to advance planting. However, the lack of water and frost damage to tissues caused the crop condition to drop by 5 percentage points. Rain continues to be a major issue in almost the entire Argentine agricultural region, and the forecasts for the coming days are not encouraging. Some rain is expected for the first week of August, but it is not significant and does not cover the entire planted area. About 40 percent of the core region experienced more than 100 hours of below-freezing temperatures. Here, frost is not the main problem; rather, it is the...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.