USDA will release its May 2019 WASDE tomorrow (10 May) at noon (EDT). While it will update U.S. and world supply/demand estimates for the current crop year cycle (as every WASDE does), the report will also provide the first serious detailed projections for the same in 2019/20. Doing so for the next year this far in advance could be called a fool’s game. The Northern Hemisphere new crop winter wheat harvest is still many weeks off with most new spring-planted crops still in the seed bag, and the Southern Hemisphere is not yet finished harvesting the current crop. Their new 2019/20 crops are months away from being planted, and that harvest is nearly a year away. Nevertheless, it is an exercise that USDA analysts engage in for every May...
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.