Following the RMB 240/MT decrease in the last week of September, the average domestic corn prices in both northern and southern China have been steadily falling. Meanwhile, the market is awash in rumors regarding this year’s minimum state purchase price for temporary reserves. Oilseeds Soymeal Inventories Fall Further on Holiday Demand The arrival of the fall holidays has brought a significant uptick in feed demand. As a result, China’s estimated soymeal inventories slid to 890,000 MT last week, a 90,000 MT drop from two weeks ago. They currently stand at 240,000 MT, 21.04 percent lower than at the same point in 2014. Interestingly, all of the surveyed areas saw their inventories decrease last week. In Fujian and Guangdong Provinces as w...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.