Argentine Rains Disappoint The rains that fell last Friday and Saturday in Argentina were far too little and not widespread enough to help the soybean crop, occurring mostly in the northern provinces that did not need precipitation. The driest areas are in the provinces of Buenos Aires and La Pampa as well as in southern Cordoba and Santa Fe, but they received very insignificant amounts. It was also very hot there last week, although temperatures are much cooler this week. However, they are expected to rise in the next 10 days with very little rainfall in the forecast. The Buenos Aires Grains Exchange reduced its estimate this week for Argentina’s soybean production from 51 MMT to 50 MMT and is likely to decrease it further next wee...
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.