There are indications that at least five more cargoes of Brazilian soybeans are ether on their way to the U.S. or soon will be. Additional shipments of Brazilian and/or Paraguayan soybeans already have arrived. China Sets Soybean Target Price at over $21/Bushel A statement on China's National Development and Reform Commission website yesterday announced the government has set the target price for soybeans produced in 2014 at 4,800 yuan/MT. That is equivalent to about $778/MT, or $21.18/bushel. The Chinese government uses the target price to calculate subsidy payments to producers in Heilongjiang, Jilin and Inner Mongolia provinces. If cash prices are below the target price, farmers are eligible to receive subsidies calculated by the gap b...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
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.