The corn market in Argentina is currently quiet, and basis premiums weak. One reason is Argentine corn cannot compete in Colombia and Peru due to preferential import taxes for U.S. corn. The result is that Argentine corn is at least $40/MT more expensive. Soybeans The old crop market in Brazil is basically disappearing as the U.S. harvest approaches. It would be possible to buy some spot cargoes before China starts to receive U.S. purchases, but there presently seems to be a significant gap in pricing bids and offers. The Paranagua paper market is priced at 170/165SQ (+290SU), and the FOB market is being offered at +330SU. Offers in China are +395SX CNF, which is equivalent to +310SX FOB or +285SU and 10 cents under the Paranagua paper ma...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.