Soybeans Brazil Brazil’s soybean market was quiet last week compared with after the U.S.-China trade war announcement when buyers became nervous and bought several vessels. Chinese crush margins were very good, so buyers were able to hedge their purchases. Basis dropped gradually but non-stop some week later, leaving it even weaker than before the trade dispute began. Two weeks ago, there was an escalation with Trump’s announcement of import taxes on a long list of Chinese products. China responded by announcing immediate retaliations and confirming the 25 percent tariff on U.S. soybeans. Both measures will begin on 6 July. However, this latest event did not bring any movement with just a few cargoes traded from Brazil for Oc...
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.