USDA will release its updated U.S. and world production estimates at 12 p.m. (EDT) Thursday. Those for U.S. corn and soybeans will be larger than in the previous month’s report if for no other reason than USDA will increase planted acreage numbers to match the June planting estimates. Here’s how we see the report. Corn - The June planting estimates showed 1.1 million more acres than reflected in the March planting intentions estimate. That would increase production by about 174 million bushels if USDA doesn’t boost the yield estimate from June’s 174 bushels/acre, which is already the second-highest ever. There are some analysts who believe that estimate will be higher because the weekly ratings have been so good. Ho...
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.