Weather Dry weather continues to be the trend in Argentina, and there is concern about the corn and soybean yields. The forecast called for good rain coverage over the Pampa Humeda region (Buenos Aires, Cordoba and Santa Fe provinces) during the first week of February, but only a few showers were registered mainly in northern Santa Fe. Some parts of the core production region are under water stress. As seen in the maps below, northern Buenos Aires, Cordoba and mid-southern Santa Fe are out of water reserves.Showers are forecasted for 11 February and good to normal coverage is expected in the main water stressed areas of Pampa Humeda (see map below). However, concern about crop conditions is reflected in both the local and FOB markets wit...
Key Takeaways: Brazil confirmed a Newcastle disease outbreak at a commercial turkey farm in Santa Catarina on 18 October, raising concerns about potential disruptions to poultry exports despite the outbreak being confined to a single facility thus far. Mexico and Malaysia have imposed nationwi...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
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.