If recent forecasts are to be believed, Brazil’s 2017 soybean crop will apparently not only be a record, it will be huge. As optimistic as those projections are, however, there is some evidence to suggest it will be smaller. Is Brazil’s Soybean Crop as Large as Many Forecast? If the forecasts issued recently by consultants and the Brazilian government are to be believed, Brazil’s 2017 soybean crop will apparently not only be a record, it will be huge. Some are estimating it will be as large as 107 MMT (3.931 billion bushels). USDA’s January forecast calls for 104 MMT, an increase of 2 MMT from December. Conab, Brazil’s crop supply agency, is forecasting the crop at 103.8 MMT, and the firm Safras and Mercado estimated 106.1 MMT in its Dece...
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.