The Northern Hemisphere growing season of 2014 will have to rank as one of the calmest, most boring in a very long time, and an El Nino pattern had been expected to be firmly in place by now that could eventually cause some weather trauma to Southern Hemisphere crops.The Northern Hemisphere growing season of 2014 will have to rank as one of the calmest, most boring in a very long time. So far, there hasn't been one credible weather scare or a day that markets tried to price in some sort of weather event that might lead to concerns about yields. Today we begin August, the month the soybean crop is made or not made. Prices were weak overnight because August has arrived and there is still no weather problem in sight. Cool weather has masked so...
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.