While several recent articles have cited officials in Mexico arguing that the country should shift away from the U.S. as its main supplier of soybeans and corn because of President Trump's criticism of its trade surplus, there are reasons to believe that this will not occur. Canada May Have Record Canola Crop; Australia to Increase Canola Plantings The first forecast from Canada’s Ministry of Agriculture and Agri-Food indicates the country may produce 18.6 MMT of canola in 2017. If so, that would rival the same record total in 2013. The forecast is predicated on farmers boosting this year’s canola plantings by 3 percent to 8.5 million hectares (21 million acres) because of the higher projected margins versus those for grains.It is far fro...
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.