Whether or not the luck of the Irish was involved on this St. Patrick’s Day, the lowered economic forecast from the Fed yesterday sent the U.S. dollar into sort of a delayed tailspin today, which in turn gave a boost to many commodity markets. General Comments Whether or not the luck of the Irish was involved on this St. Patrick’s Day, the lowered economic forecast from the Fed yesterday sent the U.S. dollar into sort of a delayed tailspin today, which in turn gave a boost to many commodity markets. Apparently, the longer that analysts thought about the Fed’s comments yesterday, the more bearish they seemed. The U.S. dollar almost went into freefall today with the U.S. Dollar Index dropping 112 points or about 1.3 percent. This put some w...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.