Barley acres have taken a significant brunt of the corn and oilseed acreage expansion in the U.S. and Canada, and there are a number of reasons why.The U.S. northern Plains have become solidly part of the Corn Belt. Corn and soybean acres continue to squeeze out those of the traditional crops of spring wheat, barley, sunflowers, etc. A similar situation has transpired across western Canada, although not as extensively. That is a climate issue. Canola and soybean acres continue to rise, but corn expansion has been at a slower pace.Barley acres have taken a significant brunt of the higher corn and oilseed acreage. The acreage in the U.S. will be the smallest since USDA started keeping records in 1926 and probably lower than the March planting...
What You Need to Know Today: The U.S. conducted “self-defense strikes” in Iran and said the two sides are “close” to negotiating a ceasefire. “Close” is a relative term, however, and even if 95 percent of the terms are agreed to, the remaining 5 percent is l...
As we reported on 19 May, China has also committed to the resumption of U.S. poultry imports from states without confirmed HPAI detections. USDA’s Animal and Plant Health Inspection Service (APHIS) has updated its China export restrictions webpage to reflect that China has lifted HPAI-rel...
Key Takeaways: Brazil has been the second-largest producer of fuel ethanol globally, but almost all of it was derived from sugarcane until recently. Corn ethanol production has increased due to expanded second-crop corn production, sugarcane storage limitations, and biofuel policy. Brazil is e...
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.