Forecast for Argentine Soybean Crop Reduced Again The Buenos Aires Grain Exchange today lowered its forecast for the Argentine 2018 soybean crop from 47 MMT to 44 MMT because of the ongoing drought. It indicated conditions continue to worsen and seemed to suggest there could be a further reduction next week. Noticias Agricola reported that a survey of farmers found that this year’s soybean yields are expected to be 15-20 percent below normal in 92 percent of the planted area. It was indicated that some of the driest parts have received only 15 percent of their normal rainfall in the current growing season. The greatest damage has been done to late-planted and double-crop soybeans (planted after wheat). Reuters reported today that Ar...
The US election is over, but the market’s debate is just beginning. A shift in Washington’s balance of power is changing policy expectations, while developments involving Iran and an early decline in the dollar are adding to the uncertainty. Now traders must decide how much of that...
Key Takeaways: The 2026 U.S. Midterm elections surprised many pundits and have created significant changes in how agriculture and major agricultural production states will be represented in Congress. Details on how candidates expect to address agricultural issues are still limited, and no offi...
Key Takeaways: Japan’s mountainous geography and limited farmland constrain domestic agricultural production, while its highly developed economy and substantial purchasing power make it one of the world’s most important agricultural import markets. Japan’s calorie-based food...
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.