Questions about USDA’s WASDE Forecasts for Soybean Sector in 2018/19 Several of USDA’s 2018/19 forecasts for the U.S. and global soybean sector that were detailed in the May WASDE deserve a bit of scrutiny because they disagreed substantially with the thinking of many in the trade. Among them are the following: China’s 2018/19 Soybean Imports USDA projects these will total 106 MMT (3.894 billion bushels), up 6.2 percent or 6 MMT versus its forecast for 2017/18 and more than 71 percent greater than the 3.5 MMT increase from 2016/17 to 2017/18. USDA may have been far too optimistic on future Chinese soybean demand. China’s Agriculture Outlook Committee predicted last week that those imports will drop 0.3 percent to...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.