Sugar is a high profile commodity this month. When the April WASDE comes out next week, it will have to factor in some developments in Mexico. The March WASDE showed sugar production in Mexico at 5,890 MMT, with exports to the U.S. at 1,360 MMT (out of 1,370 MMT total exports). But since then, the Mexican Comite Nacional para el Desarrollo Sustentable de la Cana de Azucar (Conadesuca) has upped its estimate of production to 6,247 MMT, which was an increase of 578,682 MT over its initial forecast. The sugar harvest in Mexico is running about 23 percent above the five-year average. Under the integrated market between the U.S. and the North American Free Trade Agreement (NAFTA), this is a very significant shift that next week's WASDE will ha...
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...
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...
Developer's Note 24 August 2026: WPI recently completed an exercise that updated the codebase for this app and solved some of the discrepancies between our five-year average calculation and USDA's. There are a few lingering cases where early (late) starts (finishes) to the crop cycle resu...
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.