USDA's higher forecasts for U.S. soy yields and production noted in yesterday's report clearly sent shock waves through the market as they were much above average analyst estimates. There were also a number of changes to estimates related to the rest of the world.USDA's higher forecasts for U.S. soy yields and production noted in yesterday's report clearly sent shock waves through the market as they were much above average analyst estimates. The forecast for 2015 U.S. soybean production of 3.916 billion bushels (105.73 MMT) was almost 200 million bushels above the average estimates of analysts and traders surveyed by Dow Jones. It was also higher than any of the private sector analysts' individual estimates included in that survey. Such a l...
Russian Grain Markets: 13–17 July 2026 New-crop trading dominated the Russian grain market during the week as old-crop business largely came to an end. Most transactions shifted to new-crop supplies, establishing new price ranges across the market. Bearish sentiment prevailed across most...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
What You Need to Know Today: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...
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.