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: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.