Argentina Stories are circulating that the Argentine government will increase the soybean export tax from 30 percent to 33 percent in the next few days. The tax increase is rumored to apply only to soybeans and will not include soymeal or soyoil. Argentine farmers are still concerned about the economic situation for the coming year and farm margins are expected to be very tight. The situation is worse for farmers further away from ports. The new tariffs for truck freight have been negotiated with an increase of 54 percent, nearly equal to the inflation rate. Given these new freight rates and FOB prices, internal transportation will account for 21 percent of the gross value of corn for farms in Cordoba and 32 percent in Salta (the mo...
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.