Yesterday afternoon a private analytical group released their estimate of U.S. corn and soybean production. The corn number was slightly above the USDA July estimate and just shy of 14 billion bushels. That is simply a ton of corn and it would take some sort of cataclysmic event (like a major early freeze) to change that number enough to significantly affect ending supplies and price direction. The soybean number, however, was below the USDA estimate by over 100 million bushels. The yield was pegged at 43 bushels per acre compared to the latest USDA estimate of a record 44.5 bushels per acre.Unlike corn, the soybean yield can make a major difference in whether we are talking $11.00 or $12.00 soybean prices or $13.00-14.00 soybean prices...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.