China's sorghum and barley imports continued to grow in February. The comparative price advantages of both with respect to domestic corn coupled with no quota make them very attractive. Several factors, though, may be notably impacting DDGS imports. Oilseeds Soymeal Inventories Rise Rapidly in Past Week The major crushers' estimated soymeal inventories surpassed 1.2 MMT last week, a 26.1 percent increase from the previous week. Among the surveyed regions, Guangxi and Fujian Provinces saw volumes drop to 43,900 MT (-14.8 percent) and 66,500 MT (-19.8 percent), respectively, from the week prior. In sharp contrast, last week's estimated total inventories for major crushers in the northeast region and Shandong Province increased by 155.5 per...
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.