China’s corn prices remain on the defensive and it is likely any governmental support policies will shift towards processor incentives in the long run. Domestic soybean prices are higher with Sinograin reportedly buying new-crop supplies. Oilseeds SOYMEAL INVENTORY DROPPED TO 21-WEEK LOW As of 22 September, China’s estimated soymeal inventory decreased by 97,400 MT (-7 percent) from the previous week to 899,300 MT, mainly due to processors and feed mills stocking up for the Holiday. Compared with the same week in 2016, last week’s estimated soymeal inventory was 387,300 MT higher (+75.6 percent). The estimated soymeal inventory fell across the nation, with inventories in Northeast and Shandong falling the most...
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.