While the amount of frost-freeze damage to certain crops is unknown at this time and drought continues to be an issue in some key regions, the planting intentions released this week had a few noteworthy surprises.The frost/freeze that occurred as far south as central Oklahoma a few weeks ago has been completely absent from any market news as crop ratings in both that state and Kansas have remained nearly unchanged. The belief is that little or no damage resulted, but the extent of any that may have occurred won’t be known until the wheat is harvested. A greater concern remains the lack of any meaningful precipitation over the last 90 days. The extended forecasts continue to look for above-normal temperatures and below-normal rainfall...
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.