Grain and soy futures trade overnight was mostly in the direction of lower prices with volume about average. The day session proved to be more active with wheat and corn prices climbing into the green zone, thanks to short covering. General Comments The weekly export sales report from FAS/USDA has been delayed until Friday due the New Year’s holiday last Monday.Grain and soy futures trade overnight was mostly in the direction of lower prices with volume about average. Soybeans were unable to build on yesterday’s big gain, but prices did not retreat very far. Asian markets were mixed with Malaysian palm oil declining and Dalian soymeal slightly higher. The day session proved to be more active with wheat and corn prices climbing into the gr...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.