Because China is such a dominant soybean importer, the crushers there think they have the upper hand in forcing sellers to renegotiate prices to a lower level, and they probably do. Many More Chinese Soy Purchase Defaults Predicted The general manager at one of China's largest soybean processing firms has told Reuters that Chinese buyers may soon default on an additional 1.2 MMT of soybean purchases from the U.S and/or South America. Mr. Shao Guorui of Shandong Sunrise Group said trading firms in Shandong province have refused to make payment for about 20 shiploads of soybeans that were delivered by the sellers to China before they received a letter of credit. Buyers are now unwilling to make payment because they will suffer losses of as...
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.