As the volume of India's vegoil imports has continued to rise in recent years with palm oil the most in demand, another oil accounts for a substantial share of the growth. USDA Reduces Estimate of U.S. 2014 Soybean Crop As expected, USDA yesterday reduced its estimate of the U.S. 2014 soybean production. The change was based on its 1 September stocks report that indicated U.S. ending stocks of soybeans on that date totaled 191 million bushels, a bit below analysts’ average estimate of 205 million bushels. Because of the revision, USDA lowered its estimate for the 2014 crop from 3.969 billion bushels to 3.927 billion. It also reduced its estimate of the average soybean yield by 0.3 bushels/acre to 47.5 bushels/acre. Both remain record high...
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...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
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.