China's state corn purchase program for temporary reserves was estimated at around 83.4 MMT as of 30 April, a significant change from last year. Meanwhile, subsidies for corn processors in Heilongjiang and Jilin Provinces were finalized last week. Oilseeds Soymeal Inventories Declined Again Last Week Last week's estimated soymeal inventories for China's major crushers dropped to 705,000 MT, a decrease of 10.8 percent (85,300 MT) from the week before. Overall, the total is now down 67.5 percent compared with the same week in 2014. Unlike previous weeks, all of the surveyed areas experienced declines this time. In north and northeast China, the estimated inventories decreased by 18.85 percent and 8.94 percent to 12,800 MT and 88,100 MT, re...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.