Logistics Due to the second consecutive year of a La Nina-created drought, navigation along the Parana River is a major problem for cargo vessels loading at Argentina’s Upriver ports. The draft is currently 8.13 meters (26.08 feet) at the main loading ports and continues to drop. This has created significant logistical costs and higher completion prices in southern ports. The Rosario Grain Exchange conducted an analysis of vessels that loaded at Upriver ports and concluded they left the ports with an average of 29,084 MT, which is 11 percent below the January 2021 average. A slight improvement in the draft is expected over the next few days, but river levels will remain well below normal. Wheat The interven...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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.