It has been largely overlooked amidst all the focus on the U.S. corn and soybean crop prospects, but the August WASDE is likely to also contain some other interesting changes affecting various supply/demand balances.The August WASDE is always one of the most intently anticipated of USDA’s monthly supply/demand analyses in any crop cycle. Primarily, this is because it contains USDA’s first yield and production estimates for the upcoming U.S. corn and soybean crops based on actual field surveys rather than on statistical yield trends. Ever since planting began last spring, those crops have faced a wide variety of often unfavorable weather conditions that have also varied widely among the different regions where they are produced.In the month...
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.