Grain and soy traders are in a waiting game for news on Chinese trade and NAFTA as well as the 10 May release of USDA’s WASDE. The May report may not be the most important of the year, but it will certainly be one of the most interesting with USDA’s plunge into projections for U.S. and world crop production along with supply/demand balances for 2018/19. At best, the 2018/19 numbers are educated guesswork, and they are complicated by the trade tensions with China and the unknown status of NAFTA. Rather than guessing what might happen in these areas, USDA may well decide to ignore them and assume “normal” trade. In any case, its projections will be a starting point for 2018/19’s ongoing and ever-changing analyses...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.