Argentine Farmers Continue to Reduce Soybean Sales Argentina’s farmers continue to hold back on selling their new crop of soybeans and selling less of their old crop compared to a year ago. Instead of selling they are holding on to their crop in expectation of a devaluation of the Argentine peso in the future. Soybean and corn prices also are lower because of the low water level at ports of the Parana River that has raised ocean freight rates. Today a Cofco-owned ship loaded with 42,000 MT of soymeal ran aground on the river and was blocking the waterway. The water level is not expected to increase significantly before the rainy season begins in September. New crop soybean sales last week by farmers totaled only 13,000 MT to...
What You Need to Know Today: Traders are increasingly focused on next Wednesday’s August WASDE report, with corn and soybean yield estimates expected to drive the next major move in grain markets. Recent crop condition declines and late-July heat have increased uncertainty around USDA&rs...
Yesterday the Senate Agriculture Committee held its markup of the “skinny” farm bill, and it was derailed over Democratic opposition to plans for imposing food stamp costs on state governments. The Democrats pushed back on a provision that required states to pick up a larger share o...
Key Takeaways: WPI’s 2025/26 corn export models continue to reflect strong international demand and put the total marketing year volume slightly above USDA’s estimates. Strong old crop corn exports are offset by weaker feed and residual use, leaving ending stocks slightly ele...
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.