Fresh Licenses Didn't Activate Argentine Corn Market The Argentine government decided to release 3 MMT of licenses for the old crop corn, and market participants were expecting a big reaction that would cause premiums to weaken and new business to develop. However, neither has happened.Premiums for Argentine corn declined from +115/110CZ down to +85/80CZ, but Brazilian corn was traded the past week at +50CZ and Black Sea below +15CZ for November and December shipments. Paraguayan corn is indicated at +40CZ with no demand. Such discounts are attracting buyers even though Black Sea quality is very poor and there are logistical problems in Brazil.Argentine exporters are finding it difficult to sell below +80CZ without losing money. Local...
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.