Corn Brazil Finally, the first vessel loaded with Brazil corn and destined for China will leave the port of Santos this week. The vessel Mv Star Iris is set to load 68,000 MT of corn for COFCO. Many expected Brazil to start shipping corn in 2023, but others expected it to occur in December 2022. This shipment is earlier than anticipated, however, as expensive U.S. Gulf corn precipitated the timing. According to Brazilian government statistics, November might end with about 200 KMT of corn loaded for China. Also, there are rumors that there are trades for another 1 MMT. Buyers have been actively buying for loading in January 2023 and consequently basis levels are rising. There have also been several trades for new crop corn to non-C...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.