World Perspectives
feed-grains soy-oilseeds wheat

A Friendly USDA Report

Today’s crop production and supply/demand estimates were considered slightly bullish for soybeans but neutral corn and wheat. Soybean futures traded more than 30 cents higher immediately after the report was released, and that pulled corn futures 6-7 cents higher as well with wheat initially steady. The tables below compare USDA’s actual numbers with those of September and the trade expectations for today’s report.   Wheat USDA increased U.S. ending supplies by 27 million bushels (730,000 MT) as a result of the reduction in feed/residual use. The U.S. wheat export forecast was left unchanged. Russia’s wheat production estimate was also raised from 81 MMT to 82 MMT. Argentine production was left unchanged, b...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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Supreme Court to Hear Tariff Case Tomorrow

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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.

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