Indications are that soybean shipments to China in October have been steadily declining. Part of the reason is a short-term drop in demand due to the seasonal cycle, but the other component appears to be more significant and could impact soybean imports for the balance of 2014. Oilseeds Letter of Credit Difficulties Slow Imports Conversations with local traders and crushers as well as analysis of recent official data indicate soybean shipments to China in October have been steadily declining. Part of the reason is a short-term drop in demand due to the seasonal cycle brought about by China's own domestic harvest as well as the conclusion of the major fall harvest holiday. The other component, however, appears to be more significant and c...
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.