Soybeans Market Overview Last week (the last full trading week of 2018) showed good movement of soybean vessels around the world. China’s state reserve was active in more purchases from the U.S, which was interesting since traded levels were not especially “cheap” as would be expected due to the U.S. need to export soybeans. Vessels originating in the Pacific Northwest (PNW) were traded at 140-143H CNG, while U.S. Gulf (USG) vessels sold at around 150H CNF. In the Southern Hemisphere, however, Brazilian soybeans can be purchased at 145H for January and 135H for February. This means China’s state reserve was unconcerned about procuring the least-expensive soybeans and was simply focused on buying from the U.S. China...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.