China's domestic corn prices fell last week because of sluggish demand from the deep corn processing industry. Meanwhile, the average cornstarch price did improve due to lower utilization rate, and some processors also benefited from a government initiative. Oilseeds Soymeal Inventories Continue to Increase Last week's estimated soymeal inventories of China's major crushers climbed to 1.29 MMT, up 170,000 MT or 15.12 percent from the week before. This is 46.71 percent lower than the overall total during the same week a year ago. Among the surveyed regions, inventories in the northeast and Fujian Province fell 31.73 percent to 71,300 MT and 16.8 percent to 111,800 MT, respectively. In north China, the estimated total increased the most, n...
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.