Argentine Weekend Rainfall Disappoints The weekend rains predicted for the driest areas of Argentina largely did not occur. There were some in the far northeast as well as northern Santa Fe Province, but the amounts were minimal further south and mainly across the fringe areas of major soybean production regions. Little or no rainfall is forecast for this week. Observers indicate that 80-90 percent of Argentine soybeans are rated poor to very poor. With the leaves beginning to turn yellow on early-planted soybeans and those planted later in the worst condition, it is too late for rainfall to help the crop. Most of the soybeans will be dropping leaves within two weeks, and that shuts down any improvement in seed size. Exacerbating the situ...
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.