The focus now shifts to harvesting the huge U.S. soybean crop. Efforts are already underway in the Dakotas, but it will be two to three weeks before the harvest begins in most of the Midwest. However, there is a larger issue. A Huge U.S. Soybean Crop and Huge Demand Yesterday USDA surprised many by raising its forecast for the average U.S. soybean yield to 50.6 bushels/acre (3.4 MT/hectare), which resulted in a boost in its forecast for production to 4.201 billion bushels (114.34 MMT). If realized, that would be the largest U.S. soybean crop in history and 6.9 percent (272 million bushels) greater than the previous record set a year ago. It would also be 843 million bushels (22.943 MMT) more than the 2013 crop.Just a few years ago,...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.