USDA will update its crop production and ending supply estimates Wednesday morning. Obviously, these are very important numbers because it is very likely that corn and soybean yields and harvested acres have both declined since August. That will mean USDA once again will have adjust demand lower to maintain any semblance of minimal ending supplies. The tables below show the trade's expectations with comparisons to the August numbers.There is little disagreement among private analysts that USDA will have to lower the corn yield and the harvested acres number. The corn crop is mature and harvest is already between 6-8 percent complete, which should mean USDA can achieve a very accurate yield estimate. Harvest reports continue to be universa...
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.