For most of the last 10 years it seems as though the U.S. supply and demand balance for either corn or soybeans has been deemed to have been "tight." Of course, "tight" is a relative term. What constitutes a "tight" supply and demand balance is always loosely defined. It tends to be in the eye of the beholder. Often the adequacy of corn and soybean supplies is measured by the arithmetic ratio between estimated supplies and estimated demand. Based on USDA's estimates, ending stocks of U.S. corn and soybeans for the last three years measured as a percentage of demand and the number of days of use covered by ending stocks are as follows:A combination of crop production that was mediocre or worse and steadily rising demand has resulted in rel...
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.