WPI releases its first forecast for the 2017/18 U.S. corn crop with planted area and yield above USDA estimates. Ending stocks are forecast...In conjunction with last week’s Agricultural Outlook Form, USDA put forward its initial projections for planted acreage and supply/demand balance sheets for major field crops during the 2017/18 crop year. It is important to note that these do not constitute formal predictions. Rather, they are “best guess” projections using assumptions based upon past patterns, current prices, normal weather conditions, yield trends, demand prospects, and, of course, many years of analytical experience. These projections also assume the macroeconomic context will not change markedly during the crop year and that there...
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.