General Comments Weather markets are notoriously fickle. Old crop/new crop inverses are treacherous especially as the actual time spread before the availability of new crop supplies narrows. Simultaneously, today's grain and soy markets demonstrated the truth of both statements.Weekend rainfall was deemed disappointing, but faith was restored by good rains over central and eastern Iowa last night. The overall weather outlook for the Midwest during the next 10 days remains unchanged. A stationary ridge over the western U.S. will keep the west-to-east jet stream flow favorably located over the Midwest allowing outbreaks of scattered rain every 2-3 days. The next outbreak is due Fri/Sat and is to include western Iowa. Temperatures should...
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.