World Perspectives
feed-grains soy-oilseeds wheat

The November 2015 WASDE

We cannot call the November WASDE a major surprise because the direction of most major changes was well anticipated, if not their scope; today’s futures market seems to have echoed that.The grain trade sensed that the November WASDE would increase corn and soybean production, decrease use at least slightly and increase ending U.S. supplies of wheat, corn and soybeans for the 2015/16 crop year. The trade was right on direction, but too conservative on degree. Without exception USDA’s November estimates of yields, production and ending stocks for the fall harvested crops – corn, soybeans and grain sorghum – exceeded the trade’s consensus expectations. And following that trend, ending 2015/16 U.S. wheat stocks also topped the average pre-repor...

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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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