It has been an interesting year in crop weather - to say the least - and somewhat ironic that instead of hot, dry weather being the problem around the world, the issue could be a different matter.It has been an interesting year in world crop weather - to say the least. There was too much rain across Western Europe as grain crops matured, which dramatically reduced the volume and quality of wheat. This was followed by hot, dry weather that clipped row crop yields significantly. Similar conditions in Brazil and Argentina resulted in smaller-than-expected soybean crops. The Brazilian safrinha corn crop was also badly affected by very hot, dry weather during its pollination period.North America had been predicted to suffer a severe drought with...
What You Need to Know Today: The U.S. conducted “self-defense strikes” in Iran and said the two sides are “close” to negotiating a ceasefire. “Close” is a relative term, however, and even if 95 percent of the terms are agreed to, the remaining 5 percent is l...
Key Takeaways: Brazil has been the second-largest producer of fuel ethanol globally, but almost all of it was derived from sugarcane until recently. Corn ethanol production has increased due to expanded second-crop corn production, sugarcane storage limitations, and biofuel policy. Brazil is e...
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.