While Brazilian beans are offered at +144 SH for February, U.S. beans are traded in the low 130s SF for January and could be around 135-140 SH for February. Meanwhile, farmers in Uruguay are still not selling, but exporters are starting to show more interest in moving product. Soybeans After last week’s movement, basis is maintaining its lowest level of the year for 2016. Offers are below +5 SN, while the last bid shown was at 0 SN. This week there has been no demand due to the weaker currency and prices in Brazil. This should put further downward pressure on Argentine beans if they are going to compete with Brazilian origin.Last weekend the incoming agriculture minister said in an interview that the soybean export duties will be reduced...
What You Need to Know Today: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...
Key Takeaways: New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as an...
As WPI reported on 17 July, the recently passed budget reconciliation bill in the House Budget Committee includes $12 billion in emergency farm assistance. This would be the seventh of the past nine years with ad hoc farm payments (FY2018, FY2019, FY2020, FY2022, FY2023, FY2024, and potentially...
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.