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soy-oilseeds

Oilseed Highlights

Canada's Canola Crop Forecast Well Below Analysts' Expectations Statistics Canada today released its estimates for that country's 2012 crops and the forecast for canola was far below analysts' expectations. The report indicated Canada this year will produce 13.359 MMT of canola, down from last year's crop of 14.493 MMT and the average analysts' estimate of 14.6 MMT. The last StatsCan estimate was for a crop of 15.409 MMT. The average yield is forecasted at 1.6 MT/hectare (1,428 pounds/acre).The big drop in the estimate mostly was a result of heavy losses of canola in the Prairies to heavy winds last month that blew canola windrows away and caused seed pods to shatter. The smaller crop is going to lead to very tight canola supplies in the...

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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.

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