China to Suspend Soybean State Reserve Auction China's National Grains and Oil Information Center (CNGOIC) recently announced that starting from the week of 19 November, China will temporarily suspend soybean reserve auctions. This announcement comes as the CNGOIC begins to purchase this year's new soybean crop for state reserves.CNGOIC also announced that the purchasing price for state reserve soybeans is set at $730.16/MT, 15 percent higher than last year's price. The procurement will cover major growing areas in Northeast China, including Inner Mongolia, Liaoning, Jilin and Heilongjiang. The latest stockpiling, which is expected to last until 30 April 2013, is an annual exercise to protect farmers' interests.China's grain reserve syst...
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...
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On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.