World Perspectives
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The February WASDE

The February WASDE typically generates few surprises. In that sense, today’s report stands out as containing some changes that exceeded expectations. The surprises, if that is what they should be called, are not a matter of direction but of degree. And they involve changes in U.S. supply/demand for 2017/18, not the revisions made to Argentine and Brazilian production estimates. The tables below provide some of the key 2017/18 numbers from today’s WASDE.

Following are some more specific comments: Corn - USDA increased estimated U.S. corn exports by 125 million bushels, which was not unexpected. We have often noted during the past few weeks that the pace of export sales was rising as U.S. corn became competitive in the world m...

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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.

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