South America Soy Headed to the U.S. Last week there were reports from Brazil that eight to 10 cargoes of soybeans and/or soymeal had been booked to ship to the United States. Thus far, all that I can verify is two shipments. A shipment of 28,525 MT of Brazilian soybeans is on its way or has arrived in the port of Norfolk, North Carolina for the benefit of Perdue Farms. And a maritime firm (Cargonave) in Brazil says the ship Kapatan Trader I has been nominated by Cargill to carry a vessel of 53,000 MT of Brazilian soybeans from Paranagua to Wilmington, North Carolina. If that report is correct, the soybeans likely will be crushed in Cargill-owned crushing plants in Fayetteville or Raleigh, North Carolina. One suspects some of the other 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.