Corn Argentina’s corn harvest is still moving slowly due to high moisture content in the grain. Harvest has advanced just 8 percent in the past two weeks. Since farmers started harvesting the first crop in March, the pace has always been below normal. At the beginning of the harvest, weather conditions slowed progress, then farmers switched to harvesting soybeans. Now, the high moisture content of the grain is delaying harvest. Total harvest is just 56 percent of the planted area, a delay of 30 percent from last year. Yields are still coming in and the market and different agencies/exchanges are issuing their yield outlooks. The total crop is still pegged between 48-49 MMT. Logistics have been good recently with a solid number...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.