It seems that U.S. and Black Sea corn became more attractive to global buyers once Argentine prices increased into the mid-50s for the March-July period. The Argentine corn market then quickly reacted to the sudden void in demand. Current Argentine Crop Situation Rainfall records were broken this past week in Cordoba, Santa Fe and Entre Rios, and the excess moisture is creating problems for farmers. Cordoba corn and soybean yields are likely to be reduced. The picture below shows a plot of soybeans there:The heavy rains forced Argentine farmers to suspend the corn harvest that is currently about 3 percent complete. More sun is required to ensure the grain flow can meet sizable export obligations for the 15 March-15 April period, which is...
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...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...
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.