Widespread Rainfall Saves Soybean Crop in Brazil, Argentina’s Crop Still at Risk In past weeks, a lot of Brazil’s soybean growing areas were impacted by dry weather. That caused many to believe the 2021 soybean crop would be well below expectations. However, over the last 10 days most of the Brazilian soybean growing areas have received substantial rainfall that has boosted production forecasts. USDA’s agriculture counselor’s staff in Brazil now estimate the Brazil’s 2021 soybean crop at 131.5 MMT. That would be a new record high but is below USDA’s forecast of 133 MMT. However, the agricultural counselor’s staff indicate it is still too early to get a good assessment of the actual yields Brazilia...
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.