Corn Argentina’s corn harvest advanced 3.7 percent last week, a slow pace that is keeping overall progress well below prior years. The speed has not picked up because corn in fields still has moisture of 18-20 percent, well above the commercial standard of 14.5 percent. Harvesting with high moisture is possible, but ports will apply large discounts for above-standard moisture. Every farmer has their own strategy for dealing with this problem; some prefer to harvest and take the moisture discount while others prefer to let the grain dry in the field and risk some yield loss. Temperatures are falling and some frosts are occurring, both of which will help the crop dry faster. The Buenos Aires Grain exchange increased its estimate of th...
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.