The inability of farmers to use neonicotinoid insecticides along with poor weather in some areas resulted in EU rapeseed production falling 10.6 percent from last year to an estimated 19.95 MMT in 2016. Because of the resulting smaller rapeseed crush, Europe's demand for two by-products of a different oilseed has grown. USDA’s U.S. Soybean Plantings Forecast USDA today released its long-range projections for major crops through 2026/27. The report indicates U.S. farmers will plant 85.5 million acres of soybeans in 2017, up from 83.7 million acres this year, and forecasts the total at 85 million acres in 2026. The average soybean yield is projected to fall to 47.9 bushels/acre next year from 52.5 bushels/acre in 2016, a record that the age...
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
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.