Soybeans Argentina It was a quiet week in the soybean market. There are still players with long positions who are offering their final cargoes of what is apparently a very short campaign. After the last trade reported at +66N for April, offers remained at +72N for April and May with +75N for June, but demand has been absent so far. It seems there are no short positions in the Argentine FOB market for the moment, so demand will only reappear when Argentina becomes competitive against Brazil and the Pacific Northwest (PNW). Meanwhile, Argentina can sell cargoes at the CNF market for May, June or July at around +175N. This level is not very competitive, though, considering that Brazil can sell June at +177N and July +185N. That country&rsqu...
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.