Corn and soybeans have been the primary focus of the markets since last summer's U.S. Corn Belt drought. That drought didn't have much impact on U.S. wheat yields. In fact, 2012 spring wheat yields were not affected by the drought at all. As the table below shows, 2012 tied the record wheat yield. The Northern Plains generally had very good crops because of a very good subsoil moisture profile. Nevertheless, wheat ending supplies slipped lower for the third consecutive year, primarily because of the strong pace of wheat feeding. Many analysts have paid little attention to wheat supply and demand numbers for either the U.S. or the world. In fact, we are already starting to see estimates of a very large 2013 world wheat crop. That's a subje...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.