The Buenos Aires Grain Exchange announced that the average yield for Argentina’s 2021/22 wheat crop will be 3.44 MT/hectare. That is the highest yield since the country hit 3.55 MT/ha in 2011/12 and is attributed to timely rains. Argentina’s yield is higher than the average U.S. wheat yield but both are strikingly low relative to many other wheat producing nations. In fact, Argentina’s near record wheat yield this year ranks it at number 27 in the world, which is more like a grade of C. At an R2 of 0.19, rainfall and wheat yields are not well correlated among top producing nations. This is because national rainfall statistics may not match precipitation in narrower wheat production areas, plus the heavy use of irrig...
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.