While Argentine farmers continue to claim that they are not receiving the maximum prices exporters can pay for the goods, largely because of the large stocks of low quality wheat from the prior campaign, analysts are now encouraging them to withhold sales until mid-year when prices received should be closer to $200/MT. Wheat As noted in previous reports, Argentine farmers are claiming that they are not receiving the maximum prices exporters can pay for the goods, largely because of the large stocks of low quality wheat from the prior campaign. Analysts are now encouraging them to withhold sales until mid-year when prices received should be closer to $200/MT. This recommendation is partially reasonable given that exporters recently paid $1...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes. The Capesize sector, which led the recent rally in freight rates with its dramatic surge, pulled back slightly amid more cautious chartering activity, partic...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.