On 30 September, USDA/NASS will release its survey-based estimates of U.S. grain and soybean stocks as of 1 September. Since 31 August was the end of the statistical U.S. 2012/13 crop year for corn and soybeans, the 1 September stocks numbers from USDA will become the official 2012/13 ending stocks for each.Grain analysts and the corn market have come to dread USDA's quarterly corn stocks estimates. During the past three years, USDA's quarterly stocks reports have often come up with corn stocks estimates that have deviated so widely from expectations that they have shocked the corn market and defied explanation. There has been no particular pattern or predictability to the deviations. The quarterly stocks reports for wheat and soybeans ha...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.