Argentina Stories are circulating that the Argentine government will increase the soybean export tax from 30 percent to 33 percent in the next few days. The tax increase is rumored to apply only to soybeans and will not include soymeal or soyoil. Argentine farmers are still concerned about the economic situation for the coming year and farm margins are expected to be very tight. The situation is worse for farmers further away from ports. The new tariffs for truck freight have been negotiated with an increase of 54 percent, nearly equal to the inflation rate. Given these new freight rates and FOB prices, internal transportation will account for 21 percent of the gross value of corn for farms in Cordoba and 32 percent in Salta (the mo...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.