USDA will release its June WASDE (supply/demand) report tomorrow. Will there be any substantive surprises in tomorrow’s numbers? That is doubtful. It is more likely that markets will continue to worry more about all the various trade issues and the North Korean talks than changes in supply and demand estimates. Having said that, below are a few things to look for in tomorrow’s WASDE and crop production estimates. Corn: A few items that will eventually make a difference to the U.S. and world corn markets might be addressed tomorrow. The first and most obvious will be the corn production estimates for Brazil and Ukraine. Both numbers should come down from last month. USDA had pegged Brazil’s corn crop at 87 MMT in May, down...
What You Need to Know Today: Wheat futures pulled back sharply after Russian President Putin said there was a “chance” for peace and an agreement to end the war in Ukraine. There is plenty of skepticism about the opportunity for peace in Ukraine, but that didn’t stop wheat fr...
President Trump has opened the door to 100,000 MT of beef lean trimmings (limited to HTS codes 0201.30.5091, 0201.30.5097, 0202.30.5091, and 0202.30.5097) from countries listed under the “Other Countries” TRQ effective 1 September. These imports would not be subject to the over-quot...
Key Takeaways: CHS and OCP plan to invest up to $450 million in a Louisiana phosphate fertilizer facility capable of producing more than 1 MMT annually, marking the first new U.S. plant of its kind in more than 40 years. The facility could reduce U.S. dependence on imported finished phosphate...
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.