The trade will be watching this Thursday’s release of USDA’s September WASDE report and how it differs from the August estimates. With so much money riding on the outcome, there are plenty of second-guessers issuing their own pre-report predictions. USDA itself feverishly analyzes its relative success or failure. It continues revising both its processes and its numbers. Speculators are going short, monetarily betting that the report will be bearish. Of course, what ultimately matters will be the final outcome. Looking at the September WASDE estimates just for production of corn, wheat and soybeans and contrasting them with the final numbers, there has been a bearish leaning over the past five years. In other words, final produc...
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.