Due to the Chinese government's corn procurement in major production provinces, it seems probable that China's domestic corn prices have hit bottom and will improve in the next few weeks. Oilseeds Soybean Stocks at Ports According to China Customs on 8 April, soybean stocks at major Chinese seaports continue to mount and have reached 6.37 MMT, an increase of 130,000 MT from the prior week. This is an indicator of the currently weakened Chinese soybean demand.The following chart shows the year-over-year increase in soybean stocks at major Chinese seaports: Price Trends Soyoil: The soyoil price increased this past week, but Chinese crushers continue to struggle with poor margins. In the first week of April, Yihai Kerry and COFCO, the two...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
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.