As we have commented before, USDA's August WASDE is always notable because it contains the first crop yield and production estimates for U.S. corn and soybean crops that are based upon actual survey and sampling procedures conducted by USDA's National Agricultural Statistics Service (NASS). This gives credibility to the August estimates that USDA's prior desktop projections cannot match. Thus, agricultural interests in the U.S. and globally eagerly await each August WASDE and its first real corn and soybean production estimates for the upcoming crop cycle. Those real production estimates also add credibility to USDA's August supply/demand analyses.Much of this year's corn and soybean crops in the Midwest have fallen well behind average ma...
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.