Wheat Soil moisture is becoming a problem for Argentina’s wheat crop. Crop conditions keep falling due to drought across the wheat-growing region and frosts in southern Buenos Aires province. Each week seems to bring with it fresh declines in the crop and soil moisture conditions ratings. This week, the crop declined again with the good/excellent rating at 32 percent, down 5 percent from last week and down 14 percent from two weeks ago. The soil moisture conditions rated as poor/dry increased from 43 percent last week to 52 percent. August rains were well below average but precipitation forecasts for the first half of September suggest good rain for the core agricultural region plus Buenos Aires province. Northern parts of Arg...
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.