With the planting margin spread between corn and soybeans steadily widening, Chinese farmers have been less willing to dedicate land to the latter crop. A few provincial governments are now initiating a program to address the issue. Oilseeds Soymeal Inventories Continue to Decline As of the end of last week, the estimated soymeal inventories for major crushers dropped 60,000 MT to 790,000 MT, a 7.51 percent decline from the previous week and 65.71 percent lower than the same week in 2014. Among the surveyed areas, they decreased sharply in North China and Shandong District to 10,000 MT and 80,000 MT, respectively. In contrast, the totals were higher in southern China than the north due to a large volume of new soybean imports. The s...
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.