Corn Despite stable FAS prices near $200-205/MT, Argentina’s market saw traded volume decrease. Even so, October is almost here, and farmers have sold 40 MMT of corn and ongoing volumes are still significant. Farmers sold more than 1.2 MMT in the first three weeks of September and more than 2 MMT during August. Prices are good and with the prospect of a bumper crop appearing in 2022, selling now seems like a good strategy. Also, it seems the crop could have been a bit higher than expectations of 50.5 MMT. Exporters have come close to buying the total export surplus (38.5 MMT) and have registered export sales for 36.5 MMT, and plan to continue registering. Notably, however, exporters haven’t sold those 36.5 MMT yet. Expor...
What You Need to Know Today: Markets opened double digits higher Sunday evening following the release of Chinese and American official summaries of bilateral discussions last week. They chose the more optimistic view of future Chinese purchases of American farm goods versus the more opaque inte...
Texas Attorney General Ken Paxton on Friday launched an investigation into the beef industry over potential anticompetitive conduct among the nation’s largest meatpackers, his office announced Friday. He said the investigation would be conducted alongside a separate antitrust probe announ...
Update for 6 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.