No Huge Changes in USDA Soy Forecasts Anyone expecting major changes for the U.S. and global soybean supply/demand situation in today’s USDA crop production and WASDE reports was disappointed. The estimate for the U.S. 2017 crop was reduced by 5 million bushels, and ending stocks were cut by a like amount to 425 million bushels since all other categories were left unchanged. USDA raised its forecast for average soybean yields in 10 states and lowered them in another 10, but the national average was almost the same at 49.5 bushels/acre. The most notable increases were a 2-bushel gain to 58 bushels/acre in Nebraska and the 1-bushel boost to 58 bushels/acre in Illinois. The largest reduction was a 4-bushel cut to 45 bushels/acre in Mich...
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.