USA Soybeans A mini-rally has sent soybeans up 11.6 percent in value this week to a two-week high at 1468.5 cents/bushel. The market has weighed the impact of the last hot dry period on soybeans and is now pricing in some future degradation of the crop. Monday’s Crop Progress report from USDA should show some temporary stability returning to the soybean crop. The agency reduced the share of the new crop rated Good/Excellent by 2 percentage points to 59 percent. Conditions are highly variable, with the Badger State (Wisconsin) in the lead and flooded Kentucky in the worst shape. But there are oddities. Illinois planted more soybeans than corn this year and its crop is 14 points behind Iowa in the Good/Excellent category, likely...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.