Dry bulk freight rates cratered this week as China started its Golden Week holiday, which blanketed markets with calm and quiet. Pacific markets were especially dull and weaker, especially amid doubts about how China’s grain demand will play out after the holiday. China still has not book...
After yesterday’s charge forward in soybeans and a lower close in the overnight, optimists on a trade deal with China again took over and brought another higher close that this time infected both the corn and wheat markets. As stated in Matt’s adjacent analysis, this seems overwroug...
The federal government has been shut down since midnight on Wednesday and various USDA reports have been suspended. This includes some of the data typically reported in the Thursday livestock report, including slaughter data and livestock and poultry inventories. USDA posted o...
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.