The biggest factors in Argentina’s grain markets have been holiday-shortened trading weeks, which have kept things quiet. The port strike is in its 19th day, bringing export logistics to a complete halt. Wheat The wheat harvest is moving quickly, advancing 12.8 percent last week and now covering 80 percent of the planted area. Nearly half the crop is still held by farmers, which is creating serious logistics problems. Silo bags are a great solution, but the cost (roughly $6/MT) is high enough to prohibit some from using them. Currently, there are 43 vessels waiting to load 1.27 MMT of wheat and the recent arrival of trucks to ports has been near zero. Only 450,000 MT of wheat was loaded during December compared to 2.5-3.0 MMT...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.