Market commentaries rarely discuss any crops other than corn, wheat or soybeans. This is because they have futures markets, and that means speculators. Another reason is that the production volumes of the minor crops are very small relative to the “big three.” These crops include barley, oats, sunflower, pulse crops, etc. Barley is one of the bigger minor crops and obviously important to anyone who enjoys an occasional adult beverage. The problem is that it has started to fade away even as a minor crop. Historical and projected returns per acre simply don’t compete with those of corn, soybeans and even wheat. In addition, farmers growing barley are subject to all sorts of quality requirements to sell the crop into malting...
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.
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...