Corn Argentina’s corn harvest continues to move at a slow pace as producers are still focused on harvesting soybeans and the corn still has high moisture levels. Weekly progress was reported at 0.4 percent of the area, which brings the total harvest to 25 percent completion. The harvest so far totals 12 MMT. On the commercial side, the government increased the corn exportable balance for the 2021/22 season by 5 MMT to a total of 30 MMT. At the same time, the government authorized affidavits for corn export sales of 10 MMT for the 2022/23 season. The extension of the quota for MY 2021/22 comes just as exporters were competing with local purchases for the previously authorized quota. The FAS market traded an atypical week...
What You Need to Know Today: Corn broke sharply lower after overnight headlines that U.S., Ukrainian, and Russian officials would meet for peace talks on 10 and 11 November. Mexico made its second large purchase of U.S. corn in as many days, bringing total purchases this week to just over 2 MM...
Key Takeaways: The EU's new deforestation regulations, taking effect 30 December 2026, could alter global soymeal trade through stricter traceability requirements and higher compliance costs. Brazil's complex supply chains are likely to complicate compliance with the new regulations, potential...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s Karachi port has received a shipment of 51,000 MT of wheat in the past week, with another shipment of 59,000 MT scheduled to arrive this week. Although the wheat's origin was not specified, vessel tracking indicat...
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.