Parana River Vessel Groundings Last week was quite problematic for vessels on the Parana River. Two vessels collided on the river, followed by the grounding of two others. This grounding was strange, as the river is having problems with excess water from Paraguay down to Argentina. These two boats obstructed the Parana River navigation, but were released during the weekend.The Parana River is rapidly increasing the draft that ships can be loaded, causing several floods in the upper Parana. Some small towns were evacuated and millions of animals had to be moved to higher land. The level indicated on Monday in Santa Fe was 3.86 MT, with the level expected to reach 5.85 MT by end of the week. The following map shows a comparison of the rive...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.