WheatWith week-on-week progress of 3.5 percentage points, Argentina’s wheat harvest has reached 98 percent of the area and is nearing completion. Total production is expected to reach approximately 18.5 MMT.Markets have shown few updates, and local wheat prices remain nearly unchanged. As a result, farmers have withdrawn supply and are generally waiting for price increases. Daily farmer selling remains low, while exporters and local mills need wheat at fixed prices. These buyers are offering limited purchasing conditions with future price determination.The slow market dynamics, lack of volatility, and absence of competition to push prices higher stem primarily from low export programs. In December, exports reached only 1.2 MMT, which, altho...
What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical risk and supporting energy and broader commodity markets Biofuel demand entering uncharted territory, with soyoil valuation increasingly di...
CORN Argentina In Argentina, after several weeks of intense and frequent rainfall, weather conditions have improved, with clear days, dry cold, and wind supporting both soil and grain drying. Harvest activity has resumed; however, producers continue to prioritize soybeans, limiting progress in...
Update for 6 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...
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.