The markets have been expecting record crop production in Brazil and Argentina this year, and that has cast a bearish pale over the new crop markets. Weather has been very cooperative in Brazil but not quite so accommodating of late in Argentina. We are in weather markets again because of recent hot, dry weather in Argentina. The tightness of world grain and oilseed supplies means we will be in weather markets at least into June and July when we have a better handle on the Northern Hemisphere growing season.Farmers in Argentina, however, continue to fight more than just weather and crop production. They have been battling government policies that impose big taxes on their production, and now they have significant currency and inflation is...
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.
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
Developer's Note 24 August 2026: WPI recently completed an exercise that updated the codebase for this app and solved some of the discrepancies between our five-year average calculation and USDA's. There are a few lingering cases where early (late) starts (finishes) to the crop cycle resu...