The Brazilian soybean market has moved even further into the spot positions. As exporters need to use their facilities, several trading houses went short by selling spot soybeans CNF because of one significant variable. Corn Argentina’s corn market has had almost no movement in the past two weeks, primarily due to lack of demand. Brazilian corn is more competitive to nearly all destinations and is stifling export opportunities for its southern neighbor.The Argentine harvest is still progressing slowly, averaging 3 percent per week. Farmer selling remains light, although more volume started appearing on the local market late last week. Prices are a bit lower, but the drop is not enough to encourage exporters to discount premiums to finaliz...
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.