Record Canadian Canola Crop Statistics Canada sharply increased its forecast on Friday for that country's 2013 canola crop. It raised its forecast from 14.745 MMT to 15.963 MMT. The big increase was based on the high yields that Canada's farmers are harvesting. If realized, it would be by far the largest canola crop Canada has ever produced. However, the StatsCan forecast was still below the average forecast of analysts of 16.6 MMT. That suggests the agency may raise its forecast even more next month.StatsCan forecasted Canada's soybean production this year at 4.817 MMT. That was below the average analyst estimate of 4.8 MMT and last year's crop of 4.93 MMT. It also estimated the country's corn crop at 12.943 MMT. Last year's corn prod...
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.