Key Takeaways:
Continued domestic demand for soyoil in the U.S. will drive prices higher and create a firmer outlook for global soybean values and crush margins. U.S. soyoil prices are set to increase 13-16 percent over the next four months as the domestic demand expansion takes hold. The increase in soyoil values will pull soybeans higher, with some model runs anticipating cash market values above $12.75/bushel by mid-autumn. Soymeal values are expected to remain mostly steady as the expanded U.S. crush outpaces domestic demand and exports clear the residual supplies. These dynamics will leave U.S. cash crushing margins steady to slightly higher over the next 16 weeks, though fund buying dynamics on the CBOT will likely push the fut...
What You Need to Know Today: U.S. and Chinese officials are expected to discuss agriculture and non-tariff trade barriers ahead of Chinese President Xi Jinping’s visit to Washington later this month, potentially opening the door to additional U.S. agricultural purchases or improved marke...
The U.S. will observe Labor Day on Monday, 7 September. U.S. markets and the WPI office will be closed that day. The next edition of Ag Perspectives will be published Tuesday, 8 September...
Key Takeaways: Drought and changes to the multi-year trend in cow slaughter and retention have the potential to dramatically alter beef trim supplies and pricing, and WPI specifically models three different drought scenarios for fall 2026. Based on our models, WPI expects 90 percent lean...
