Many farmers across the northern Plains, the new Corn Belt, are saying that they won’t see yields like this year's corn crop again in their lifetimes, and they aren't the only ones. Many farmers across the northern Plains, the new Corn Belt, are saying that they won’t see yields like this year's corn crop again in their lifetimes. 200 bushels/acre corn yields across eastern North Dakota and western Minnesota are not uncommon. The bushels, in the words of one farmer, just continue flowing like water. It’s not like high yields were unexpected as this crop has looked amazingly good all summer. However, no one anticipated the magnitude. In fact, several farmers we know well had done extensive field surveys and yield estimates in late...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Inflation is back in the driver’s seat, and agriculture is getting pulled in two directions. A stronger dollar is pressuring grains despite fresh Chinese buying, while renewed Middle East attacks lift crude oil. Higher energy prices can support commodities, but they also raise expenses an...
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.