Based on CNF prices, Brazil's soybeans traded for June at $1.06N China and for July at $1.17N. Eexporters there are checking export margins daily to determine if it is better to sell corn or soybeans, but both suffer from the same problem. Soybeans Argentina The soybean harvest is approximately 92 percent complete, totaling 53.5 MMT to date with an average national yield of 3.2 MT/hectare. As a result, experts maintain their projections of 57.5 MT for the 2016/17 campaign, 1.5 MMT more than the last campaign and the second-biggest crop in Argentine history after the 61.5 MMT in 2014/15. The remaining area to be harvested is mainly to the center and south of Buenos Aires and the northern provinces (Salta Tucuman, Santiago del Estero, Chac...
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.