Corn – USDA’s July estimate is for larger U.S. supplies and higher ending stocks. U.S. corn production is up 45 million bushels due to greater planted area in the June 30 Acreage report. The yield is unchanged at 177.0 bushels per acre. With no use changes, ending stocks are up 70 million bushels. The season-average farm price received by producers is lowered 10 cents to $6.65 per bushel. ...
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.