The Brazilian finance minister indicated yesterday that the government will make an announcement in the next 30 days regarding changes to its laws governing acquisition of domestic farmland by foreigners. Argentina to Refund Part of Soy Export Tax to Northeastern Farmers The Argentine government today announced it would refund 5 percent the 30 percent export tax on some of the soybeans produced by farmers in 10 northeastern provinces. This would specifically apply to the first 2,000 MT (73,480 bushels) each farmer or company sells between March and 31 August. The justification for this action is that these provinces are the most distant from export terminals and located in the country’s poorest region. They account for about 12 percent of...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.