The March WASDE always provides an interesting update on USDA's views about U.S. and world demand as well as its take on South American soybean and corn production. The soy complex estimates in today's report probably commanded the most attention.Mike Krueger indicated yesterday that as far as USDA's regular March reports are concerned, those at the end of that month on spring planting intentions and 1 March quarterly stocks tend to overshadow the earlier mid-March WASDE report. With the wheat crop year winding down and corn and soybeans into the second half of their crop years, the March WASDE is stuck with mostly old news. The quarterly stocks numbers provide a test of USDA's March WASDE demand estimates, and the planting intentions of co...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...
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.