Wheat: Net sales of 312,100 metric tons for 2019/2020 were down 53 percent from the previous week and 43 percent from the prior 4-week average. Corn: Net sales reductions of 165,900 MT for 2018/2019--a marketing-year low--resulting in increases for Mexico (44,800 MT, including 30,000 MT switched from unknown destinations and decreases of 38,700 MT), Taiwan (8,900 MT), Colombia (7,200 MT, including 7,500 MT switched from unknown destinations and decreases of 1,000 MT), Barbados (2,100 MT, including decreases of 200 MT), and Canada (1,200 MT, including decreases of 500 MT), were more than offset by reductions for China (157,500 MT), unknown destinations (59,500 MT), and Japan (12,400 MT). For 2019/2020, net sales of 4...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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.