Dry Weather Expected to Delay Brazil Soy Plantings A year ago, an early start to the rainy season in Brazil allowed earlier than normal plantings of soybeans in Parana and states in the Center West. That, in turn, allowed for an early harvest and earlier plantings of corn in the dry season. This year the situation is much different. It has been very dry across much of Brazil this year. That has contributed to the increase in fires across the Amazon region and the Cerrados region. Last year 9 percent of the soybeans had been planted in Parana on 17 September. This year plantings were much less because it is too dry to plant. However, forecasts call for a pickup in rainfall in southern Brazil in the next week or so, but the dryness is expec...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.