The big crop was made bigger by USDA’s latest report. The U.S. soybean yield is now the highest on record in the world. Argentina’s soybean crop forecast was reduced by the Rosario Grains Exchange and British rapeseed plantings will fall due to pest control issues. USDA Boosts U.S. Soy Yields, Production and Ending Stocks. As expected, USDA raised its estimate for the average soybean yield in the U.S. by 1.1 bushels per acre to 52.5 bushels per acre (3.531 MT/hectare) yesterday. That not only is a record high for the U.S. but a record high for every country in the world.USDA now estimates U.S. 2016 soybean production totaled 4.36 billion bushels (118.69 MMT), which is 11.83 MMT (435 million bushels) greater than last year’s record output...
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...
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.