USDA’s June WASDE to be released today is not expected to provide much excitement. The new U.S. corn and soybean crops have been seeded in a timely manner with corn planting essentially finished and soybeans nearly so. USDA/NASS have little reason to change their May projections on yield or acreage in the June WASDE. The” final” planted acreage estimates are due at the end of this month, and they will be incorporated in the July WASDE. USDA’s supply/demand estimates will no doubt see some slight jiggling. U.S. soybean exports and the use of corn for ethanol in 2019/20 should both be lowered, and this would lead to increases in ending stocks. Grain and soy market watchers will be interested to see USDA&rs...
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.