Activity in Brazil’s soybean market remains concentrated in the spot, but the Chinese are placing bids on March, April and, eventually, part of May positions. Two developments helped trading houses originate some reasonable volumes in the internal market. Soybeans Argentina Last week’s rains only covered some areas in the center and southern parts of the Pampa Humeda region, but they did bring some relief south of Buenos Aires. Meanwhile, the central and northern Argentine regions are flooded and need water levels to recede. Fortunately, hot temperatures are helping the situation, and yield projections are unchanged. The crop is still estimated at 54.8 MMT, 2.1 percent lower than last year’s 56 MMTAlso last week, Argentina traded a June...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes. The Capesize sector, which led the recent rally in freight rates with its dramatic surge, pulled back slightly amid more cautious chartering activity, partic...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.