The acreage numbers used weren’t surprising. The talk over most of the winter has been that U.S. farmers want to plant more corn. There might be some external factors, though, that hold corn acres closer to unchanged from 2015 than up 2 million acres.Thank goodness for the USDA’s Outlook Forum this week as it provided some fresh numbers to look at, discuss and write about even though the outcome was well anticipated by the trade. Market analysts are desperately waiting for the end of winter around the Northern Hemisphere in the hope that something will bring any level of excitement back to the markets. There was nothing in yesterday’s supply/demand projections to indicate that might happen any time soon. The yield estimates used on the supp...
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.