Soybeans Brazil Brazil’s soybean market was stable last week with some movement in February and March shipments, which is where Chinese demand is showing up. There was also some interest for April onward, but the market is not that active for deferred positions. February traded at 157 and 158H CNF China, while March traded at 153 and 154H CNF China. In the meantime, April and May were offered at 143K and 148K, respectively. Farmer selling was estimated at around 38 percent by the end of last week, and there is no significant delay as there was last year. Brazil is receiving good rains that are providing the chance for another record-high production, and some speculate that it could reach 115 MMT versus 113 MMT in the last campaign...
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.