Argentina's Soybean Crop Likely Fewer Than 44 MMT The most recent reports, including one from a large soybean processor, from Argentina indicate that the country's soybean crop is likely to fall below 44 MMT. Farmers are now harvesting their full-season soybeans and they are finding yields of only about 1.87 MT/ha (27 bu/acre). An analyst at one firm, Lartirigoyen, reduced his forecast for Argentine soybean crop to 42.6 MMT. Evidently, an early frost hit parts of the southwestern growing areas last week and did substantial damage to double-crop soybeans that are not mature. Only 2.02 MMT of soybeans from 992,692 hectares have been harvested as of today, according to the Buenos Aires Grain Exchange. As the harvest progresses, more i...
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.