Soybeans Market Overview Last week the Chinese Federal Reserve (Sinograin) again bought several vessels of U.S. soybeans, reportedly 1.2-1.5 MMT. Most purchases were performed for February and March with some supplied from the U.S. Gulf (USG) and the rest from the Pacific Northwest (PNW). However, with USDA closed because of the U.S. government shutdown, purchase details were not available. Like the prior week, the traded levels were surprisingly high compared with Brazilian levels. PNW and USG origins traded at around 138H and 147-1488H CNF China, respectively. Brazilian offers stood at 130H CNF for January and February while even cheaper for March. Considering Brazil should be 5-10 cents more expensive than USG and 10-15 cents higher t...
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.