Farmer selling of corn in Argentina is still very slow and centered on nearby delivery months as well as expensive versus FOB prices. Exporters are paying farmers a basis-equivalent of $0.70K (2,400 ARS), The main issue, though, is another matter. Soybeans Argentina The soybean harvest in Argentina made great progress this week, covering 36 percent of the total area (6.9 million hectares), although it is still delayed and lagging the average progress by about 20 percent. Yields are averaging 3.53 MT/ hectare, implying 24.3 MT were collected in the first month. However, those good yields are battling for control of Argentina’s soybean production outlook as flooding at the end of March caused 250,000 hectares to be lost, bringing the total...
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.