South American soybean prices moved lower last week, prompting U.S. exporters to take steps to remain competitive. Meanwhile, Argentine corn exporters are being squeezed by three factors. Soybeans Brazil The soybean market was quiet last week after the strong movement of the past few weeks. Chinese demand decreased as lack of origination made offers less aggressive. Nevertheless, the modest rally in CBOT futures allowed some spot offers to come out of Brazil. September shipments were offered at $1.00X FOB and $1.78X CNF China. Brazil traded some March new crop cargoes at $1.35-1.36H CNF at the beginning of last week, but the market was quiet afterward. Today March is offered at $1.36H and April at $1.29K.The Brazilian offers prompted U.S...
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.