Wheat Argentina’s wheat harvest has started in the northern tip of the country, which was most affected by this year’s drought. Recently, hot temperatures allowed the harvest to start earlier than usual. Yields are even lower than expected at 0.5-2 MT/ha, depending on the field. Despite poor early yields, Argentina’s crop should still total 20.5-23 MMT, depending on which firm you ask. Some parts of the core wheat-growing region need rains, so WPI views 23 MMT as overly optimistic. Crop conditions and soil moisture ratings are nearly unchanged from last week. Fresh precipitation fell in the southern region of Buenos Aires, an area already well-supplied with moisture. There is now a proliferation of fungal di...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.