Many of the soybeans that were inundated by the floods in Argentina will not survive, and it is almost too late to replant. While the situation is different in Brazil, farmers there are being urged to take steps to address a different potential issue. Floods Again Damage Argentina’s Soybean Crop In mid-December, the greatest risk to Argentina’s soybean crop was drought. This is a common late season problem there, and a sizable share of the growing area was experiencing dry weather at the time. All that changed over the holiday season when a large part of the country was inundated by heavy rains, similar to what occurred in March and April of last year. The areas most impacted by the recent flooding were the entire provinces of Cordoba and...
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.