The drought that has substantially impacted the Dakotas and Montana this year has also been severe elsewhere. Now there is growing concern that output of a certain crop may be sharply reduced. Brazil Soy Output Projected to Decline in 2017/18 The Brazilian consulting firm Celeres predicts Brazil’s soybean production in the upcoming 2017/18 growing season will fall to 109.1 MMT from 113.8 MMT in 2016/17. It projects a slight increase in soybean plantings but expects yields to be lower than the excellent ones in 2016/17. Decline in Argentine Soy Plantings Predicted Germany’s Oil World predicts Argentina will plant 18.9 million hectares of soybeans in the 2017/18 crop year, a decline from the 19.2 million hectares planted for harvest...
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.