While world trade in wheat, corn and soybeans was dominated by the U.S. for many years and into the 21st century, the global push for agricultural production has changed that. Now competition during 2015/16 is likely to be even more significant than in the past year.Remember back when world trade in wheat, corn and soybeans was dominated by the U.S and the U.S. export prices for those commodities effectively set their world values? We do. This was the situation from the end of World War II through at least the late 1990s and even into the first years of the 21st century. There were certainly other competing origins, especially from the traditional wheat exporters, but the U.S. was generally the price leader.It would have been naive to expec...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.