Tomorrow’s corn numbers will almost have to be bearish. Meanwhile, the soybean outlook has clearly changed from a fundamental perspective after the world and U.S. soybean outlook into MY 2016/17 looked burdensome and bearish six months ago.USDA will release its July WASDE (supply & demand) reports at noon (EDT) tomorrow. The crop production estimate used in the WASDE will not be based on USDA/NASS surveys and data as that agency will release its first yield estimates based on actual crop surveys, test plots, etc. in its own August report. It is unlikely that USDA will change its corn and soybean yield estimates from the June numbers tomorrow. Weekly crop ratings have been consistently strong, so there is little reason today to expect a...
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.