Corn Many early-crop corn fields have been heavily impacted by drought and yields will be very low. Other fields have been burned or chopped early for animal feed, as farmers took advantage of the low-yielding crop to bolster scarce forage supplies. The second-crop corn is holding up better than the early-planted crop, but yield potential is far from ideal. In the February WASDE, the USDA revised Argentina's corn production lower from 52 to 47 MMT but it seems to be still far above reality. The Rosario Stock Exchange estimates a 42.5-MMT crop and the market is seeing something slightly below that. Currently, exporters have March/May export licenses for 8 MMT, a volume that seems high given the current situation, but exporters...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.