The primary reason for these expectations is that nearly everyone expects that U.S. corn and soybean production estimates will be increased.USDA will release its January series of reports this Friday, 10 January, at 12:00 pm (EST). The reports will include the final 2013 corn and soybean production estimates, quarterly stocks numbers, revised supply and demand numbers (WASDE) and U.S. winter wheat plantings. The trade is generally expecting bearish numbers and has been talking about the bearish January reports since the November numbers were released.The primary reason for these expectations is that nearly everyone expects that U.S. corn and soybean production estimates will be increased. Generally speaking, the trade is looking for corn pr...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.