Argentina's new crop wheat is currently being harvested. Although it is the least expensive and best alternative for Brazilian millers, they have decided to stand back from the market and are offering lower prices. New Crop Market Pricing Dynamics The initial marketing period for South American new crop corn has been steadily delayed over the past few years. Two seasons ago, 1 MMT were already trading by this time as a result of high prices and anxious buyers. Last season there was active trading in November, but little has occurred thus far in the current campaign. The primary reason for the change in the marketing pace is the slow selling by Argentine farmers; there simply is no rush to sell at price levels that result in negative margi...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.