Everyone wants to know what the U.S. growing season will be like in 2018. Analysts with a bearish bent are projecting record corn and soybean yields before the crops have been planted. Those with a bullish bent are saying severe weather and yield problems aren’t needed to reduce ending supplies as yields only a few bushels below last year’s levels will do it. The spring season across the northern half of the U.S. has been one of the coldest on record. Spring wheat and corn planting is off to a very slow start, but weather forecasts have finally started to turn warmer and drier. This will certainly aid the planting progress, but it is still weeks away from frost out across the northern Plains. The National Weather Service revis...
Eid Al-Adha will be celebrated in the Muslim world from 27 to 30 May 2026. The actual dates vary by country. Governments, banks and businesses will all be closed during this period. Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s government reports tha...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
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.