USDA forecast a record U.S. 2016 corn yield of 175.1 bushels/acre on 12 August and a record crop that will exceed 15 billion bushels (385 MMT) for the first time in history. However, there are a number of variables to consider.USDA forecast a record U.S. 2016 corn yield of 175.1 bushels/acre on 12 August and a record crop that will exceed 15 billion bushels (385 MMT) for the first time in history. The previous record yield was 171 bushels/acre in 2014. The table below shows a quick history of those yields from 2010 to the August USDA estimate:The Pro Farmer annual crop tour kicked off today, which is the 24th one. Twitter was alive all day (and will be all week) with real time reports from the field as the tour participants strive to get th...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.