Brazil has good soybean demand for deferred positions, partially driven by certain issues in the U.S. PNW. However, it is difficult to obtain offers. Some trading houses are bearish basis since the Brazilian crop should reach a record high, but two factors are causing concern. Weather The weather was favorable for most of Argentina’s agricultural areas this past week. Hot, sunny conditions in the nucleus area helped dry saturated soils and encouraged development of the summer crops (sorghum, soybeans, and corn). Moreover, the area south of Buenos Aires, which had been suffering from dryness, received two rain events with precipitation totals of 10-70 mm. The map below shows Argentina’s rainfall over the the past 24 hours. Soybeans Soyb...
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.