Argentina’s wheat exports have averaged 12.9 MMT over the past five years, a significant increase from years past. Drought conditions may make this season’s wheat production disappointing, but Argentina is now shifting its focus toward beef exports. Beef exports have jumped 300 percent since 2016 and now the plan is to increase them another 33 percent over the next three years. That would raise overseas sales to 1.2 MMT, with most of the total going to China. That goal may be a little elusive in the near-term since China claims to have found COVID-19 on beef packaging from Argentina. However, the drought is less of a challenge unless it has impacted grazing areas utilized by the nation’s cattlemen. ...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.