Regional News The EU Commission lowered the region’s corn and soybean 2020 yields in its 26 October monthly bulletin. The EU corn yield was revised 5 percent lower from the agency’s September estimate to land at 7.42 MT/ha. Similarly, soybean yields were pared back 1.3 percent to 3.01 MT/ha. The reductions were largely motivated by data revisions reflecting the extent of summer drought conditions. Southern and western Europe are trending drier in the next two weeks while central and eastern Europe see normal precipitation. The UK will see above-average rainfall in the coming weeks. Notably, temperatures for nearly all of Europe will be above average this week. Light showers are forecast for eastern Ukraine and sout...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.