Corn According to the Buenos Aires Grain Exchange, Argentina’s corn harvest reached 98.5 percent with a total collected volume of 49.5 MMT. This means the final production estimate will be 50-50.5 MMT, above the 48 MMT estimated a few weeks ago and close to the 51-MMT trade estimate. Upriver ports are flooded with corn as vessels continue to load below-normal volumes. Consequently, the vessel lineup at south ports is still big (1.1 MMT) with waiting times over 10 days. With port storage full, exporters are only receiving a small number of trucks per day and the volume is from old contracts. They are still not able buy with prompt discharge. Farmers are getting nervous as they need to deliver to receive revenue and avoid...
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.