From 2013/14 through 2015/16, the world produced three record wheat crops in a row. 2016/17 production is unlikely to reach the level of 2015/16’s record 733 MMT, but it will be quite large nonetheless.USDA will release its May WASDE on 10 May. This issue is always notable because it contains USDA’s first projections for the forthcoming new crop year based on some of the conditions that will actually affect new crop supplies and demand. Its forecasts such as those made in conjunction with its late February Outlook Forum are derived from statistical trends and other factors months before the first new wheat crops are harvested and spring seeded crops are planted in the Northern Hemisphere. The May WASDE will also contain USDA’s first survey-...
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...
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.