Wheat Last week, the Argentine government, exporters, and wheat millers met to discuss the wheat supply and demand situation. The meeting was only the first of what is expected to be a series of meetings to analyze the wheat situation and the tight supply and demand relationship. No policy measures have been taken yet, but there will be new meetings soon. Before the meeting, the futures market dropped some $20/MT as traders expected some reduction in the exportable balance of Argentina’s wheat. The government originally announced permits for 10 MMT of exports, of which 8.8 MMT has already been registered. It is obvious the remaining balance will not be allowed to be registered and it remains to be seen what will be done with w...
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.