Wheat It was a short trading week in Argentina with holidays on Monday, Thursday, and Friday and the CBOT being closed on Wednesday, all of which led to low activity for the week. Origination and FOB markets were quiet for both corn and wheat. Presently, with a weekly progress of almost 20 percent, wheat planting has reached 65 percent of the expected area. Despite a lack of soil moisture in many areas, especially the nucleus region, and delays in the soybean harvest, wheat planting intentions keep increasing. The Buenos Aires Grain Exchange increased the planting intention by 100,000 ha, from 6.2 to 6.3 Mha. Production margins, which were very poor during January, February, and March, began to improve in April but deteriorated aga...
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.