Any bullish impact from USDA's higher 2014/15 soybean export estimate and lower soybean carryout was swept away by Conab's forecast that Brazil's soybean crop would reach a record 95.8 MMT. General Comments As expected, USDA's December WASDE, while interesting as always, offered very little by way of fresh direction for grain and soy markets. The only surprise (and a minor one at that) was that estimated U.S. soybean exports for 2014/15 were raised 40 million bushels. An increase more like 20-25 million bushels had been expected. With no other changes to the 2014/15 U.S. soybean supply/demand estimates, projected ending stocks were lowered 40 million bushels to 410 million bushels. That would still be the largest U.S. soybean carryout in...
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.