Argentina could be a wildcard on the corn export market, provided that crop gets sown, if the leading presidential candidate wins and fulfills his promises regarding certain reforms.Sunday, 22 November is the runoff presidential election in Argentina, which follows the initial election on 25 October between six candidates. Under Argentine electoral rules, a presidential candidate needs to win 45 percent of the initial vote outright or 40 percent with a ten-point margin over the runner-up. If there is no winner in the first round, the top two candidates move to a runoff.As we predicted (see Ag Perspectives, 23 October), a runoff was likely between Daniel Scoli, the outgoing governor of Buenos Aires Province and Mauricio Marci, the current ma...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.