U.S. winter wheat acres will be the smallest in 107 years, and conditions in two key states suggest no reason to expect improvement in production numbers at this time. The potential impact of a steep reduction in winter wheat planted acres was discussed here in February (see Ag Perspectives, 17 February 2017). U.S. winter wheat acres will be the smallest in 107 years. The 12 January USDA winter wheat plantings estimate came in 3.754 million acres below 2016. Meanwhile, the 2017 spring wheat and durum acreage estimates will be released on 31 March. Our opinion is that durum acres could decline by as much as 500,000 acres and “other spring” could drop by as much as 1 million acres. The combined 2017 spring and winter wheat planted acres in 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
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.