Regional News Early-morning frosts were reported across Poland down to France as crops are reaching growth stages that are sensitive to cold. It’s too early to say whether the cold snap will dent yields, but the 2024 crop continues to face weather challenges. Tunisia purchased 25 KMT of hard wheat at $376.49/MT C&F last week. France forecasts that its winter cereal crop planted area will fall 6.8 percent from 2023 to the 2024 crop year and cover 6.81 Mha. Of that, soft winter wheat was seeded on 4.34 Mha (down 7.7 percent), hard winter wheat sowings were across 0.22 Mha (down 6.4 percent) and winter barley was seeded on 1.28 Mha (down 6.1 percent). Spring barley plantings will be 0.5 Mha (up 10.7 percent...
What You Need to Know Today: Day three of the Pro Farmer Crop Tour found corn yield potential below last year in both Illinois and western Iowa. Illinois corn yields averaged 184.2 bushels/acre, down from 199.6 bushels/acre last year and the 199.2 bushels/acre three-year average, while wester...
Macro: Treasury Squeezes Yields, the Dollar Gives Way Today’s markets are offering a lesson in pressure: it rarely disappears — it simply moves. The U.S. Treasury stepped into the bond market after long-term yields surged to levels not seen in nearly two decades. By announcing plans...
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.