After being down as much as 16 cents, new crop November soybeans fought their way back to close unchanged. They even traded in green numbers briefly. Their performance is something of a moral victory in the current bearish environment. General Comments Historians may record that the old crop 2013/14 soybean market gasped its last breath today, 15 July, with the posting of intentions to deliver 136 contracts of soybeans against the now expired July contract. Some of the deliveries were from a major processor. Today was also the day when the National Oilseed Processors Association (NOPA) reported that its members crushed 118.7 million bushels of soybeans in June, which were about 5 million less than the trade had expected and another sign t...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.