There is some concern that western Canadian farmers' planting plans are still in flux because the spring season has been so slow to arrive.Stats Canada released its 2014 Canadian planting intentions estimates last Thursday, but it seemed to get lost amid the other market hoopla of weather, the Ukrainian/Russian problems and mixed opinions regarding what China is doing with soybean imports. The other issue is that the report did not contain any serious surprises. There is also some concern that western Canadian farmers' planting plans are still in flux because the spring season has been so slow to arrive. We could see swings in planting ideas if it doesn't warm up and dry out in the next few weeks. Here are the Stats Canada numbers:If there...
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...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.