General Comments The smaller estimated U.S. corn yield and production in Monday's WASDE kicked corn futures prices higher. By Tuesday, doubts about USDA's estimates plus realization that the 2013/14 corn outlook was still bearish caused corn futures to lose all of Monday's gains plus more. Today some uncertainties in updated weather forecasts suggested that maybe Tuesday's falling corn prices were overdone and prices rebounded to close 7-8 cents higher.To put it another way, December corn closed up 9.75 cents on Monday following USDA's report. It closed down 16.75 cents on Tuesday and finished up 8 cents today. The one thing that is clear about the corn futures market is its nervousness. It does not seem to trust itself. Granted, USDA'...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.