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: 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.