General Comments It is the day before USDA's July WASDE, but it is the weather that continues to grip the market's attention. The high pressure ridge setting up across the Plains and Western Corn Belt will bring warmer though not unseasonably hot temperatures and drier conditions to this region for most of the next 7-10 days. Thereafter, weather models indicate that the ridge should begin to break down. There could be some stress to crops in these areas, but it should not be severe if the ridge weakens as advertised. Meanwhile, the Dakotas, Minnesota, Iowa and the central and eastern Corn Belt should experience periodic rainfall and seasonable temperatures over the next 10-14 days which would be favorable for crop development.Understan...
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.