The Kansas crop tour got underway this morning, and the first report from the tour popped KC wheat futures to double-digit gains. General Comments Markets were quietly higher in the overnight session, but turned decidedly stronger once the regular session started trading. Corn, wheat and soybeans all showed strength throughout the session with old crop soybeans and wheat futures leading the way higher. Weather continues to push wheat and corn futures up, because it won't stop raining across the Corn Belt and can't seem to rain at all across the hard red winter wheat region. Yesterday's corn planting numbers were slightly below expectations, and not much will happen for the balance of this week as it is so wet. The Kansas wheat crop tour s...
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.