South American Soy Crop Forecasts Reduced Further The drought in South America continues to take its toll, according to crop analysts. Yesterday the Brazilian firm Celeres reduced its forecast for the Brazilian crop from 69.83 MMT to 67.97 MMT. It blamed very poor yields in southern Brazil for the cut in its forecast.Today the Rosario Grain Exchange reduced its forecast for the Argentine soybean crop from 44.5 MMT to 43.1 MMT. That is getting close to the estimate made by a private forecaster who last week predicted the Argentine crop would not be more than 42.5 MMT.Oil World did not change its forecasts for Argentine and Brazilian soybean production in its latest weekly newsletter. However, it indicated that conditions have worsened in...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
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.