News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS This year's Syrian wheat harvest is reported to be the best in a decade despite the country's current problems. A great deal of Syria's wheat is grown in the Kurdish region, where most of the area has been free from the ravages of the civil war. After recovering from last year's drought, it has produced most of the country's estimated 3.5 MMT of wheat production for the year. Farmers are said to be selling their crop to traders at prices lower than the government offers, because they are being paid at once and there is little risk of the crop being seized by the rebels once it has been sold. The government is slow to pay and farmers must deliver to government warehouses, but traders...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.