Soybeans Brazil reacted quickly to the weakness of the real which dropped from 2.25 to 2.4 reals/USD and the rise of CBOT levels. Farmers sold large quantities of new crop soybeans at more than 1 MMT per day in the past week. They have already sold about 15 percent of their 2013/14 crop. Although that is less than normal for this time of year, the volume is well above that of Argentina where farmer selling does not reach even 1 percent in price. Brazil also sold at least 3MMT of soybeans FOB and CNF to China. February traded at +190-187SH for all Brazil and +194-200SH for north ports, CNF north China. FOB market traded at +100SH for north Brazil and some at 6 cents discount for south China. Demand remains for February at +190SH C...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
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.