USDA Cuts U.S. Soy Yield, Production, Crush, Exports and Carryout Stocks USDA reduced its forecast as expected for the U.S. soybean crop in today's supply and demand report. It is now forecasting the national average yield at 41.2 bushels/acre versus 42.6 bushels/acre last month. U.S. soybean production is now forecasted at 3.149 billion bushels (85.706 MMT), down from 3.255 billion bushels (88.6 MMT) last month. USDA reduced its forecast for U.S. soybean crush in 2013/14 by 20 million bushels to 1.655 billion bushels (45.042 MMT) and its forecast for soybean exports by 15 million bushels to 1.37 billion bushels (37.285 MMT). It also reduced its forecast for U.S. soybean ending stocks in 2013/14 by 70 million bushels to only 150 millio...
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...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
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.