While most years are eventful for the world soybean sector, it seems that 2016 was even more so than usual. A Most Eventful Year for the Soybean Sector As the major crop with the fastest rate of growth in production and consumption along with a substantial volume of exports, soybeans are heavily impacted by the vagaries of weather, politics and the global economy. While most years are eventful for the world soybean sector, it seems that 2016 was even more so than usual.The year began with Argentina’s new president, Mauricio Macri, executing his promises to eliminate the export tax on corn, wheat and sunflowers and also reduce that on soybeans from 35 to 30 percent. His action made the former three crops substantially more competitive for...
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.