There have been several rumors floating around in Argentina that President-elect Mauricio Macri would suspend the collection of export taxes on soybeans for 90 days after he is sworn in on 10 December. However, he said in an interview today that this would not occur. Weather Concerns Grow in Brazil During El Niño weather patterns like the one currently in place, the tendency is for southern Brazil and Argentina to see above-average rainfall while central and northeastern Brazil receive below-normal amounts. That clearly has been the situation thus far this year, and there are growing concerns that the result will be smaller-than-expected soybean crops in both countries.The states of Goias and Bahia are already behind their average plantin...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.