July is corn's month because that's when pollination takes place. August is soybean's month because that's when blooming and pod setting take place. This year, soybean's month will really extend into the first half of September because much of the crop was planted so late. Soybean's Month Isn't Going So Well Weather-Wise As the three pictures below show, rainfall has been far below normal for the last 30 days, the drought area across the western Corn Belt has actually expanded over the same period and the extended forecast looks very dry across most of the Corn Belt.There appears to be another issue with the potential soybean yield, as we pointed out last Friday. That issue is the reduced number of pods per plant across much of the west...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.