Markets are of course fixated on tomorrow’s WASDE from USDA and the updated yield and production estimates for the U.S. 2016 corn and soybean crops it will contain. However, there are also other factors of interest.Markets are of course fixated on tomorrow’s WASDE from USDA and the updated yield and production estimates for the U.S. 2016 corn and soybean crops it will contain. In September, USDA forecast a corn crop of 15.09 billion bushels based on an average yield of 174.4 bushels/acre and a soybean crop of 4.2 billion bushels from an average yield of 50.6 bushels/acre. With a widening array of reports from producers as harvests expanded, the trade guess is that USDA will lower the corn yield and production estimates to about 173.4 bushel...
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.