Drought Cuts Australian Canola Crop Forecast The Australian Oilseeds Federation (AOF) this week reduced its forecast for that country's upcoming canola harvest. The AOF is now predicting the crop at 2,732,500 MT, down from last year's crop of 3,185,000 MT. The decline is predicted even though this year's national planted area was 23.7 percent greater than last year's harvested area. The sharpest decline is forecasted for Western Australia, where production is forecasted at 906,500 MT in the upcoming harvest versus 1,240,000 MT last year in spite of this year's planted area being 13.2 percent greater than last year's harvested area. Korean Government Proposes to Buy 0.5 MMT of Feed Commodities The Korean government has proposed to acqui...
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.