USDA will release its first estimate of U.S. winter wheat production on 10 May, but this week’s Kansas crop quality tour will provide a reasonable idea of what to expect.The Kansas crop quality tour will take place this week. The odds are high that participants will find the wheat crop at least as big as last year’s and likely somewhat larger. This will probably be true for the entire U.S. hard red winter wheat crop as well. That might be surprising to some since the entire U.S. winter wheat planted acreage is projected to drop 8 percent from last year, according to USDA’s 31 March acreage estimate. Hard red winter wheat and soft red winter wheat plantings are estimated to be down 3.2 million acres and 400,000 acres, respectively. In additi...
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.