Grain and soy complex prices firmed in overnight trade with the complex getting a big boost from the surging Dalian (DCE) soymeal contract, which closed up the equivalent of more than $21/MT. General Comments Grain and soy complex prices firmed in overnight trade with the complex getting a big boost from the surging Dalian (DCE) soymeal contract, which closed up the equivalent of more than $21/MT. Today’s Dalian soymeal trading volume was over 6.82 million contracts, a new record. Each Dalian meal contract is 10 MT versus the CME’s meal contract that trades in 100 ST units. Nevertheless, on soymeal tonnage volume basis, today’s DCE soymeal trade was almost five times larger than Wednesday’s meal tonnage traded at the CME. This helped keep...
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...
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.