Soybeans Chinese crushers were avid buyers of spot beans last week, purchasing all cheap offers available for December and January. Their margins improved as CBOT soybean futures went lower and were certainly better on spot than any differed position (March onward), which encouraged that demand. Brazil Some cargoes were sold as December/January straddle, although availability was limited. A few were traded at +164/165SF CNF China from Brazil. There were also some Pacific Northwest (PNW) cargoes traded at +145SF for January. In addition, U.S. Gulf (USG) traded one cargo at 157SF, but there was less interest for this origin. All spot basis have risen significantly in the past three weeks. A month ago, PNW and Brazil were trading around 130...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.