WHEAT The Argentine wheat harvest advanced nearly 14 percentage points this past week, reaching 30 percent of the total area. Good weather accelerated maturation in some fields at the same time forecasts of weekend rainfall pushed harvesters to move quickly. Yields continue to surprise, with so...
Growth in retail sales lost some momentum in September, capping off what otherwise had been a solid quarter of spending for U.S. consumers. Looking at the headline, overall sales rose 0.2 percent in September – the fourth consecutive monthly increase – but lagged the consensus expec...
Regional News Farmer selling of grains remains limited across most of Europe as low prices and the looming holidays have producers focused on other things. Too, the logistical difficulties of moving grain around the December holidays are prompting many to wait until the new year to market...
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.