After a very active November and December, the soybean market came to a standstill toward the end of the year and has started 2017 with very little movement. There are several reasons for this with a change In the Chinese buying pattern being one. Soybeans After a very active November and December, the soybean market came to a standstill toward the end of the year and has started 2017 with very little movement. On the offer side, the U.S. still has some beans to sell for January, although the volumes are low. On the demand side, the Chinese have decreased their buying fervor in line with falling crush margins. Although the Dalian futures quotes imply the crush is still showing some $20/MT in profit, especially in the nearby positions, it...
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.