Burdensome Stocks Unlikely, Even With Large U.S. Crop It is now apparent that South America will harvest its largest soybean crop in history at about 145 MMT, which would be an increase of about 30 MMT, or 35 percent, over production from a year ago. The large crop has some farmers concerned the global soybean process will fall precipitously this year should the U.S. also produce a large crop.There is no question the U.S. may very well produce a record soybean crop in 2013. It looks increasingly likely that U.S. farmers will plant close to 80 million acres of soybeans this year as a result of the strengthening of prices in the last month and concerns about planting corn after corn on the same land. That could result in harvested are this...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.