Given Argentina's soybean export duty situation, trading houses are taking different strategies for the coming campaign. Several recent sales would be interesting if traders assumed that tariff was going to drop. Soybeans Farmer selling has increased in recent days, but that remains one of the few notable developments in Argentina’s soybean markets this week. The major news development is the confirmation from the ag ministry that the soybean export duty will remain at 30 percent for now. The new government of Mauricio Macri, which started in December 2015, had reduced it to that level from 35 percent while corn and wheat duties were essentially eliminated. At that time, the government announced an additional 5 percent drop would occur in...
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
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.