Market Overview and Election Results Last week there was very little activity in the markets leading up to Sunday’s elections. The government completely restricted the exchange market, both formal and informal, to prevent a significant depreciation of the Argentine peso prior to the elections. The elections generated a lot of uncertainty, and the widespread expectations of a devaluation paralyzed markets. Any grain sales carried the risk of being paid after the elections or even the day before, with few safe options for where to place those pesos. The reality is that the elections were a big surprise. While it was expected that there would be a runoff between Sergio Massa and Javier Milei (from the right-wing party), the entir...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is reported to have finalized the purchase of 270,000 MT of wheat, including 220,000 MT of U.S. wheat. The U.S. wheat is priced at $322/MT, with an additional 50,000 MT of wheat at $297.90/MT through an international te...
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.