Argentina: Farmer Selling for Campaign 2013/14 Farmer selling in Argentina is completely delayed compared with other origins such as Brazil and to the past campaign. Almost 10 MMT of grains were already sold for the 2012/13 campaign as of the same date last year. This year, we believe not more than 1 percent of the bean crops have been sold for the 2013/14 campaign as well as about 1 MMT of wheat and almost nothing for corn, barley and sorghumExporters are paying $200/MT FAS at ports for the wheat crop. They expected to ensure a big volume at this price, but only very limited offers appeared. Selling moved to $205-210/MT so far.$160/MT is not an interesting price to sell corn two weeks before starting to plant the crop. Nevertheless, e...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.