South American soybean exporters are expressing some concern about potentially limiting supplies for the February-March period due to possible delays in planting and the effects of El Niño. Soybeans Chinese buyers are on holiday until 8 October, and the Brazilian soybean market has been quiet without their presence. However, it has not been entirely without excitement as Brazil’s farmers anxiously watch changing foreign exchange markets. The Brazilian currency has recently had a low of 4.25 reals per U.S. dollar before then strengthening back up to 3.80/3.82 reals. Farmers had already committed about 40 percent of their crop when the real was weaker, and their selling has slowed as the currency strengthened despite the stronger CBOT price...
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.