Floods have ruined an important part of Argentina’s seeded soybean area, and farmers are now selling their stocks at $250/MT compared with $217/MT FAS at Rosario port two weeks ago. Meanwhile, Brazilian basis levels have been rising every day in the past two weeks, especially the July and August CNF. Weather Impact Rain has persisted non-stop over Argentina and almost all agricultural areas for approximately 20 days now. Some sections of the corn/soybean core areas have received more than 250 mm in the past two weeks, while Entre Rios has had about 200 mm in just in the last seven days. It must be remembered that that this rain fell over flooded/swamped soils, and the accumulation since 1 April is much higher than the amounts noted above...
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.