Reports indicate Chinese soybean importers have defaulted on 10 or more cargoes of U.S. and Brazilian soybeans, fewer than in 2004 when buyers forfeited up to 30 cargoes and cost exporters close to $700 million. Chinese Importers Default on 10 or More Soybean Shipments Reports indicate Chinese soybean importers have defaulted on 10 or more cargoes of U.S. and Brazilian soybeans. Three of the companies are located in Shandong province. About half of these shipments are already at Chinese ports and unable to be unloaded, while five-six cargoes are en route to China. The total volume of soybeans involved is over 500,000 MT with more defaults likely in the future. The main reason that the companies are forfeiting soybean shipments is the curr...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.