Weather problems have taken the edge off yield potential for some of Canada's spring-sown crops, particularly one. There is also another element that cannot be measured by production volumes and therefore cannot be captured by estimates,Statistics Canada released its first crop production estimates for the 2016/17 crop cycle this morning, which are based on surveys taken between 21 July and 4 August. Following is a summary:Canada’s spring-sown crops generally got off to an excellent start, raising hopes for big production in 2016/17. However, recent weather problems have taken the edge off yield potential for some, especially canola. Persistent rainfall over the Canadian Prairies during the last few weeks has likely clipped yields for sprin...
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.