Corn Argentina’s corn harvest continues to advance and confirms that yields will be below initial expectations and highly varied. Last week, farmers made 2.6 percent harvest progress, bringing the total harvest to 17 percent of the area. The recent frosts will probably affect late corn yields, but it is still too early to estimate possible yield reductions. The soybean harvest is gaining momentum and when farmers start harvesting soybeans, the machinery is at full capacity for this crop. Corn will be relegated to the sidelines for a while as it has no risk of yield loss while waiting in fields like soybeans do. This is a common practice every year in Argentina. The arrival of trucks continues to be good while the vessel...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.