It has been nearly two weeks since USDA released the quarterly stocks report, final U.S. corn and soybean production estimates, planted winter wheat acreage and the January WASDE which incorporated and/or interpreted all of this fresh data. The results were considered to be generally bullish for the grain and soy markets, right down to the surprisingly low winter wheat plantings. Despite small production increases for soybeans and corn, the reports, when taken all together, clearly indicated that U.S. corn and soybean supplies were being drawn down at an untenable rate. Even U.S. wheat supplies were in decline. And given low winter wheat acreage and the drought plaguing much of the 2013 HRW crop, U.S. wheat supplies seem likely to decline...
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.