On Thursday, 12 January, USDA will release a trifecta of reports with NASS reporting its final 2011/12 corn and soybean yield and production estimates accompanied by the 1 December quarterly stocks estimates. Based on the fresh production and stocks numbers, USDA will also release its updated WASDE with the latest U.S. and world supply/demand estimates. January is the only month during each annual crop cycle in which USDA's U.S. production, quarterly stocks and fresh WASDE supply/demand estimates all are released at the same time.How important these reports may be depends on the market's perceptions preceding them, but the sheer amount of fresh data always provides an increased chance of market-moving surprises. With world and U.S. corn s...
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.