Argentine exporters are facing shipping delays because of a ship blockage on the Parana River and may soon also encounter a port workers' strike. Brazil Crusher Association Reduces Soybean Crop Forecast Brazil's oilseed crushing association, Associação Brasileira das Indústrias de Óleos Vegetais (ABIOVE), today lowered its forecast for that country's 2014 soybean crop from 88.6 MMT to 86.1 MMT. The association did not explain why it decreased its estimate, but the change is in line with reductions by the government and other private analysts. A combination of excess rain in Mato Grosso and dryness in southern Brazil late in the growing season diminished yields. Grounded Ship Continues to Stall Argentine Exports It has been nine days sin...
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.