Grain China’s General Administration of Customs says that grain imports were up 34.3 percent in April and an overall 18.1 percent for the January to April period. On the one hand, China produces more grain that it consumes and stockpiles large volumes. But Canadian grain analyst Mitch Miller says that China’s corn ending stocks are declining. He contends that robust domestic demand has reduced carryover from 222.5 MMT in 2017/18 to 166.1 MMT in 2026/27. China is downplaying its import needs but the price on the Dalian Exchange belies the market situation, which was down slightly in May but in April was the highest since July of 2024. Soybeans If China follows through on buying millions of tons of U.S. soybeans, they will b...
What You Need to Know Today: The U.S. dollar continued to strengthen Thursday as persistent inflation reinforced expectations for additional Federal Reserve interest rate hikes. Higher Treasury yields have helped support the dollar, potentially reducing the competitiveness of U.S. agricultural...
In yesterday’s WASDE, USDA reduced its overall red meat and poultry production forecast for 2026 as declines in beef and broiler output more than offset increases in pork and turkey production. Fourth-quarter beef production was revised downward because of slower fed cattle marketings and...
Key Takeaways: World prices are strong; U.S. grower data doesn’t show it. Australia's benchmark finished the 2025/26 season 61 percent higher, while the value of the 2025 U.S. clip fell 7 percent. The U.S. clip is coarser than the wool behind the headlines. Only about 7 percent was finer...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.