Tight Cottonseed Supplies Forecasted Again for MY 2013/14 MY 2013/14 is shaping up to be another bad one for U.S. cottonseed processors if USDA's forecasts are accurate. Acres planted this year are estimated at 10.25 million acres, a decrease of 2.06 million acres (16.7 percent) from last year. The decline occurred because southern farmers believed corn and soybeans to have more profit potential this year. Additionally, USDA reduced its forecast for the cotton harvested area in the August report by 300,000 acres to only 7.8 million acres. It also lowered its forecast for the average U.S. cottonseed yield, and projected a decline from 1.355 MT/hectare (1209 pounds/acre) last year to only 1.27 MT/hectare (1133 pounds/acre) this year. The...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.