Argentine wheat acreage has been in steady decline during the past few years due to government efforts to control domestic bread prices. This has depressed prices for farmers, while exporters have benefited. Soybeans There have been concerns about the drought in northern Brazil, especially in the states of Bahia, Minas Gerais and Goias. However, near-term weather forecasts have become more favorable and predict good rains in the coming days. Overall, South American soybean production prospects appear to be good this year with Brazil's expected to be approximately 94-96 MMT. Harvest has reached about 3 percent of the area and will steadily increase. Presently, Brazilian ports remain almost empty of vessels. The volume traded in that countr...
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...
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.