The weekend election in Argentina yielded the results that most people involved in agriculture wanted, and there seems little doubt that the current export tax formula there will change soon as will the currency valuation. This has implications for both the country's soybean farmers and the global market.The weekend election in Argentina yielded the results that most people involved in agriculture wanted as the conservative candidate Mauricio Macri won by a 51 percent to 49 percent margin. Macri, the mayor of Buenos Aires, came out of nowhere in November’s first round to force yesterday’s runoff. The soybean market was leery of this election much of last week because of its bearish implications. Argentina’s farmers have been very reluctant...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.