USDA’s July estimate of U.S. hard red winter wheat production will likely be lower. We (and others) assume the Kansas harvested acreage number will be decreased. With that said, the drought-reduced southern Plains crop appears to be one of the best quality ones in a long time. Following two years of low protein and poor milling quality production, the 2018 crop is a clear winner. Test weights and protein content are high, and thousand-kernel counts are very high. Despite being small, those traits mean this crop is very desirable for blending the previous two years’ production, and it could actually result in more total usable supplies. The U.S. hard red spring wheat crop is heading under very good conditions. Based on those o...
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.