Brazil’s farmers would be expected to sharply boost their soybean plantings in the upcoming crop year as a result of the high prices. However, they may be tempted to plant more of a different crop in the approaching summer growing season because of its own record price. China Soybean Reserve Sales Announcements China’s National Grain Trade Center announced early today that it would offer 300,400 MT of soybeans for sale from its reserve stocks tomorrow (June 1). However, it later issued another announcement that the sales were postponed to an unspecified date without indicating a reason. Brazil’s June Soybean Exports Forecast A shipping agency in Brazil estimates that country’s June soybean exports will total about 5.11 MMT, a 20 percent...
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.