While Brazilian soybeans are presently more competitive than those at the U.S. Gulf for March-May, that spread is not large. Any appreciation of the real or drop of U.S. basis could easily affect the fight for Chinese business. Brazilian Soybeans If USDA's projection is correct that China will import 74 MMT of soybeans during the 2014/15 season, there should be around 23 vessels of stocks trading per week. However, that has not been the case. Chinese buyers will step away from the market for two weeks when their New Year begins 19 February. It is of course possible that they will increase purchases during the next week in order to cover needs before the holiday. These buyers recently bought Brazilian soybeans for February at +168 SH CNF C...
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...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...
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.