Although most analysts pay little attention to grain sorghums, there were major changes to 2013 production that necessitated signifcant changes in the 2013/14 supply and demand balance for the biggest of the so-called minor grains.By now, the array of production, quarterly stocks and supply/demand reports released by USDA on 10 January have been analyzed and re-analyzed to the point of extreme boredom. Even grain and soy futures markets appear to be bored today by the reports. We are sure that the markets would like to move on if there was only something else to which they could move. We do not wish to add to this analysis paralysis, but we cannot help mentioning a few ad hoc items that attracted our attention, although perhaps overlooked b...
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.