Corn A week of favorable weather has given a strong boost to the summer crop harvest. As anticipated, farmers have already switched from corn to soybeans and are running their machines at full speed on soybeans, leaving corn aside. In fact, weekly corn harvest progress dropped sharply to less than 2 percentage points, while soybean progress surged by nearly 10 points. Truck deliveries to ports are breaking records, in some cases exceeding 9,000 trucks per day — or around 270,000 MT— clearly reflecting the harvest momentum, with over 60 percent of the volume being soybeans, while corn volumes have dropped significantly. Regarding corn, yields remain within expected ranges, with some areas showing surprises that...
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.