USDA released its revised acreage and 1 June quarterly stocks estimates at 12 p.m.(EDT) today. The acreage numbers for corn and spring wheat were slightly bigger than the average trade guess and along that of spring wheat also above the March planting intentions estimates but below those of 2017. Many analysts, including WPI, had expected a smaller spring wheat acreage estimate with a drop of as much as 500,000 acres from the March number. The report also showed that U.S. farmers planted more soybeans than corn. The real surprise is that soybean acres weren’t significantly larger considering the relative strength of soybean prices versus corn throughout the winter and into the spring planting season. If there was a minor disappointm...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.