Wheat Rainfall continues to evade much of Argentina’s wheat-growing region and out of the total planted area, 2 Mha are estimated to be in either regular or poor condition according to the Rosario Grain Exchange. Twenty-two percent of the area is in poor/very poor condition, 25 percent is excellent, and the rest is fair. If there is no rain in the coming weeks, the potential yield is expected to decline again, forcing a reduction in crop estimates, which currently range between 14.5 and 15 MMT. On the other hand, from Buenos Aires province and southwards, where climatic conditions are very favorable, wheat crops are looking very good with above average yield potential. In the markets, there is little change from week to week, and t...
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...
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.