CONAB recently released its first forecasts for the 2025/26 corn, soybean, and wheat crops (among others) and pegged production for the first two at massive levels. The soybean crop was forecast at a record 177.6 MMT, up sharply from the prior year and easily the largest on record due to expanded area. The corn production outlook was pegged at 138.6 MMT, down 1 percent from the prior year as farmers switched some acres into soybeans, but still the second-largest crop in history. While the production forecasts are already bearish enough for U.S. export and demand prospects, the patterns of CONAB’s forecast revisions are even more bearish. CONAB’s forecasts for soybean production have, over the past five years, genera...
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.