World Perspectives
feed-grains soy-oilseeds wheat

Additional Thoughts on the USDA Numbers

Now that the USDA November series of reports are behind us, it's interesting to see the secondary market comments and ideas that were talked and written about over the weekend including:

There is always the adage that "big crops get bigger" and that, of course, has many analysts guessing that the January production estimates will show another yield increase in corn. There will be no official crop production updates in December, only a revised WASDE. It is certainly possible the corn crop could get bigger in the January report, but this NASS survey did analyze approximately 86 percent of its objective yield corn plots in the 10 states used, especially ear weight. This should mean that a big jump in the final U.S. 2013 national corn yie...

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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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