The last week was very surprising for corn in Argentina as well as Brazil and also an important factor in the big heat up in premiums. Despite the size of its expected production, Brazil's market is lacking corn because of reasons that have forced it to import Argentine stocks. Soybeans Argentina’s harvest started just last week and should cover the entire soybean area in the next two weeks. Approximately 250,000 MT were delivered to the ports this past weekend. The harvest is about 2 percent behind last year’s campaign at this same time. Initial results are showing outstanding yields, and it seems that this will be the trend in most areas. Thus, the crop could again be very close to 59-60 MMT, 500,000 more than last projections, although...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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.