Corn The moisture content of corn still standing in Argentina’s fields continues to fall, allowing for faster harvest progress. To date, 15 percent of the area has been harvested with an average yield of 4.1 MT/ha. Even though Argentina will have a much smaller crop than in previous years, corn prices are under strong pressure both in the local market and premiums in the FOB market. There are multiple reasons for this, but the primary factor is the huge Brazilian crop that is expected to come in June/July. The crop is forecast around 124-125 MMT (76 percent of which will be the safrinha or late corn) and USDA’s latest export forecast for this crop suggests shipments from Brazil will reach 52 MMT. The Brazilians will need...
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
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.