When trying to determine future supply and demand, the usual question marks involve producer planting decisions as well as weather conditions during spring planting and the early growing season.Grain and soy futures markets have been quietly locked into low-priced trading ranges that were established weeks ago. The fundamental pressures remain in place: large U.S. and world supplies; a record South American soybean harvest underway; another large corn harvest to follow; and excellent winter wheat conditions throughout much of the Northern Hemisphere. When all of this is matched with demand that appears to be flat or declining, the picture is not pretty, to say the least. Yet with corn, wheat and soy futures prices already so low, how much f...
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.