The December WASDE met everyone's expectations, which is to say that without fresh production estimates for U.S. corn and soybeans, it was broadly unexciting. In terms of market fundamentals, we judge the report to be slightly bearish for wheat, just about neutral for corn and mildly supportive for the soy complex. The key takeaway for us is that the overall U.S. and world supply and demand outlook has not changed much, if any, as traders wait on January's much more important quarterly stocks report, final corn and soybean production estimates, winter wheat planted acreage and the resulting supply and demand adjustments.This is not to say that today's WASDE is without interest or significance. In fact, there are some interesting changes a...
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.