Argentina remains largely out of the global soybean market as exporters are not offering beans with regular quality (basis 34 percent, minimum 34.5 percent) at competitive levels. Soybeans Argentina remains largely out of the global soybean market as exporters are not offering beans with regular quality (basis 34 percent, minimum 34.5 percent) at competitive levels. Several vessels have already been loaded, and the quality has been below the contractual minimums. Exporters with these boats are understandably concerned as they negotiate with buyers who can declare the contracts are in default. In fact, Chinese buyers are anticipating such problems and are generally out of the market. Most of the contracts were previously traded between +10...
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.