The Buenos Aires Grain Exchange presently estimates that the total corn area is about 3.3 million hectares, a decrease of 10 percent year-on-year. This acreage is primarily being switched from corn to soybeans. Argentine Wheat The wheat harvest made good progress this past week in Cordoba and Santa Fe with yields at 1.9 MT/hectare. Presently, almost 30 percent of Argentina's total wheat area has been completed. It is expected that the harvest will start in coming days in Buenos Aires province where almost 50 percent of the acreage is planted. The graphic image below shows the percentage of the wheat area already harvested:The core wheat region is south of Buenos Aires, and high yields are expected due to very good climate conditions this...
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.