World Perspectives
feed-grains biofuel energy

World Corn Outlook for 2014/15

We expect that estimated U.S. corn production will rise close to 14 billion bushels and, moreover, that favorable conditions for other important corn-growing countries and regions will cause a significant increase in estimated world corn production beyond USDA's July projection.The corn futures market has become mesmerized with good reason by the outstanding condition of the new U.S. corn crop as the pollination stage almost reaches its mid-point. So far in 2014, corn seeding recovered from a slow start to finish at about a normal pace, and the U.S. corn crop has for the most part enjoyed beneficial weather conditions. The benign weather has carried over into mid-July, and forecasts for the balance of the month suggest that this crop will h...

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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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