Conab reduced its estimate for Brazil's 2014 soybean crop, disappointing the government that had predicted the country would for the first time have a larger crop than the U.S. as well as become the world's largest producer. Big Chinese Soy Purchase Cancellations Trade sources indicate Chinese crushers canceled purchases of about 600,000 MT of South American soybeans this week and are negotiating additional cancellations. These actions are being driven by a soybean glut in China and negative crushing margins. Chinese soymeal demand has been reduced by outbreaks of avian influenza and low pork demand. Most analysts have been expecting China's crushers to cancel purchases of higher-priced U.S. soybeans, but most will apparently be of South...
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.