USDA will release its June WASDE (supply/demand) report tomorrow. Will there be any substantive surprises in tomorrow’s numbers? That is doubtful. It is more likely that markets will continue to worry more about all the various trade issues and the North Korean talks than changes in supply and demand estimates. Having said that, below are a few things to look for in tomorrow’s WASDE and crop production estimates. Corn: A few items that will eventually make a difference to the U.S. and world corn markets might be addressed tomorrow. The first and most obvious will be the corn production estimates for Brazil and Ukraine. Both numbers should come down from last month. USDA had pegged Brazil’s corn crop at 87 MMT in May, down...
Key Takeaways: The U.S. herd is stabilizing, but growth remains modest. Total goat inventory rose 1 percent in 2026, while meat-goat numbers increased 2 percent, which is not enough to materially reduce import dependence. Domestic slaughter is rising from a low base. Commercial slaughter incre...
What You Need to Know: U.S. fertilizer production is highly concentrated, but concentration alone does not establish that producers are operating as a cartel. Imports introduce competition unevenly: they supply nearly all U.S. potash consumption but play much smaller roles in domestic ammonia...
Given yesterday’s headlines, today’s market action may not be what many expected. The dollar is little changed, crude oil is pulling back and stocks are trading higher. Crude may be the biggest piece of today’s reversal. Saudi Arabia is offering additional crude to Asian buyer...
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.