Last year, Brazilian soybeans were able to compete against U.S. origin through December, and even January showed some exports. That will not be the case this year, and there are several reasons that combine to restrict Brazil’s exports in the second half of 2016. Soybeans The South American soybean market has been terribly slow these past few weeks. Most of the buying activity has occurred in North America, especially the Pacific Northwest (PNW) where Chinese buyers have been covering their needs with CNF purchases. One key reason for the sluggish pace is that Brazil is sold out of beans. The country’s last cargo was traded CNF from there last week for September shipment, and no more are available, at least not at competitive levels...
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.