The 17 June state soybean reserves auction size was 358,558 MT. However, weak demand was evident as sales totaled only 72,852 MT, which is a lower turnover rate than May's auction. Oilseeds SOYBEAN STOCKS AT MAJOR PORTS As of 20 June 2014, soybean stocks at the 20 major Chinese seaports reached over 6.95 MMT, a gain of almost 140,000 MT from the beginning of June. This increase in imported soybean stocks is important because it is occurring in conjunction with the release of soybeans from state reserves.The 17 June state soybean reserves auction size was 358,558 MT. Sluggish demand seemed evident in that there were sales of only 72,852 MT, which resulted in a turnover rate of 20.32 percent. A further implication of weak demand is the fac...
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.