Corn Argentina Argentina’s corn harvest continues to progress slowly, with only 40 percent of the total area harvested so far. The delay is no longer primarily due to the soybean harvest but is now driven by persistent high grain moisture and excess water in many fields. The month of May brought intense rainfall across various parts of Buenos Aires Province, with accumulations reaching up to 500 mm. This caused widespread flooding that still persists. Some fields were completely lost, while others remain inaccessible to harvest machinery. The arrival of lower temperatures and frost in June is welcome news for the sector, as it will help dry standing corn crops. In this context, truck deliveries to ports have been decreasin...
What You Need to Know Today: The U.S. dollar continued to strengthen Thursday as persistent inflation reinforced expectations for additional Federal Reserve interest rate hikes. Higher Treasury yields have helped support the dollar, potentially reducing the competitiveness of U.S. agricultural...
Key Takeaways: Dry bulk freight markets were stronger this week, but the rally was uneven and due to divergent dynamics across basins and vessel classes. Panamax markets were broadly higher, but Atlantic grain demand was primarily responsible while Asian activity was subdued. That trend...
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.