USDA’s delay of its quarterly agricultural trade report, and exclusion of its typical explanatory text, raised concerns because the moves raised questions about the objectivity of the data. The bottom line is that the trade is uneasy about USDA statistics now. USDA data is considered a go...
Regional News Russia’s recent strikes against Ukraine and poor progress in peace talks between the two countries in Istanbul have added “war risk” premia back into several markets, including wheat. Farmers in Spain and France were protesting, again, agricultural im...
The BLS released the employment report this morning indicating that the U.S. added 139,000 jobs in May, down slightly from April’s revised 147,000, but slightly above pre-report forecasts of 126,000. However, payrolls were revised downward an unusually large 95,000 for the prior two month...
Dry-Bulk Markets In paper dry-bulk markets, the Capesize sector increased slightly this week on stronger demand from miners, but the move was insufficient to support the Panamax or Supramax markets, which turned lower. Most of the dry bulk markets are simply waiting for the economies of C...
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.