On 30 June, the new season of USDA reports gets well underway. USDA may have a longer history of reporting on world agriculture than any other entity, and each report has its own audience.On 30 June, USDA will release its June survey of how much land was planted to major U.S. field crops as well as its estimates of U.S. grain and soybean supplies as of 1 June. At that point, the new season of USDA reports gets well underway with next month’s WASDE scheduled for 12 July. Actually, the new season can be said to begin with USDA’s first real new crop U.S. and world supply/demand projections in the May WASDE. However, it becomes more serious and specific with the June acreage report, WASDE’s small grain production estimates in July and the first...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.