Argentina's Buenos Aires Grain Exchange today indicated the nation's soybean crop in 2014 totaled a record 55.5 MMT, while Brazil's Conab reduced its estimate for that country's 2014 soybean crop from 86.27 MMT to 85.66 MMT. Meanwhile, U.S. soybean and soymeal export sales continue strong. U.S. Soybean and Soymeal Export Sales Continue Strong Today's USDA weekly export sales report once again showed large U.S. export sales of soybeans and soymeal. Net soybean export sales totaled 94,900 MT for shipment in 2013/14 and 1.0086 MMT for shipment in 2014/15. Net new soymeal export sales totaled 252,100 MT for shipment in 2013/14 and 479,000 MT for shipment in 2014/15. Soyoil export sales totaled 15,400 MT for shipment in 2013/14 and 10,000 MT f...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.