A week from today, 28 March, USDA will release its quarterly estimate of grain and soybean stocks as of 1 March, along with its report on the initial spring planting intentions of U.S. farmers. U.S. supplies of corn and soybeans being very tight has been so discussed to death that the market is tired of it. It has become very old news, yet the topic is inescapable. It has been and will continue to be a dominating factor for the market until large new crops are assured. Like it or not, the tenuous supply and demand balance for old crop corn and soybeans and prospects for relief from the new 2013 crops will direct cash and futures markets and old crop/new crop spreads.Markets are looking forward intently to USDA's count of 1 March stocks wi...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.