General Comments Weather during weekends in June typically is involved in futures price direction. This upcoming weekend is an example, as Midwestern farmers hurry to finish planting the remaining corn and soybean acreage. However, all week the two weather models have differed on the outlook for this upcoming weekend. They both foresee rain on Sunday/Monday but differ on where it will fall. The most likely scenario puts widespread showers over Iowa and Illinois. The models do agree that a high-pressure ridge forming in the Central Plains and moving eastward will bring summer-like temperatures to much of the Midwest next week. The warm weather will be welcome for crop development.It seemed like market prices shifted around with considerab...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.