General Comments Most of the weekend commentary seemed to blame last Friday's collapse in the soybean market on the fact that USDA did not reduce Argentina's soybean production as much as expected. USDA did cut Argentina 1 MMT, but it increased Brazil by a similar amount. We're not sure that was enough for a 50-cent drop in soybean futures between 11 a.m. Friday and 5 p.m. yesterday, but these are, after all, very fickle markets. Corn and wheat futures were steady to slightly easier from yesterday's openings through this morning, but they both broke later when the soy complex simply could not mount any recovery effort. China is celebrating the Lunar New Year this week, and that will likely mean a slow week in soybean export news. Wea...
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.