It is entirely possible that Argentina's peso could decline 25 percent from the current official exchange rate by the end of 2015. If so, that country's grain sales could become extremely active in the January-February period.Improved weather prospects are enabling Brazilian farmers to plant their soybeans, but there generally seems to be a lack of interest in marketing activities because of a common expectation that future exchange rates will soon become even more advantageous. Of course there is always a potential danger that any common hope that turns into a uniform expectation can instead become a widespread disappointment. Nevertheless, current sales activities in the Brazilian soybean market are virtually nonexistent.Chinese buy...
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.