The northern Plains drought is worsening, and the spring wheat market has reflected part of the severity and lost production. There is one element, though, that will provide some financial relief to those spring wheat, durum and barley growers affected.The northern Plains drought is worsening with an extended period of very hot temperatures and little or no rain, which has most affected the western half of the Dakotas and eastern Montana. The spring wheat market has reflected part of its severity and lost production. USDA and others are carrying the hard red spring wheat crop at around 400 million bushels (10.9 MMT), but WPI believes final production will be closer to 350 million bushels (9.5 MMT). The difference will be how many acres are...
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.