The 17 June state soybean reserves auction size was 358,558 MT. However, weak demand was evident as sales totaled only 72,852 MT, which is a lower turnover rate than May's auction. Oilseeds SOYBEAN STOCKS AT MAJOR PORTS As of 20 June 2014, soybean stocks at the 20 major Chinese seaports reached over 6.95 MMT, a gain of almost 140,000 MT from the beginning of June. This increase in imported soybean stocks is important because it is occurring in conjunction with the release of soybeans from state reserves.The 17 June state soybean reserves auction size was 358,558 MT. Sluggish demand seemed evident in that there were sales of only 72,852 MT, which resulted in a turnover rate of 20.32 percent. A further implication of weak demand is the fac...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.