The Brazilian soybean market showed huge movement during the past few weeks, especially in the June position. The interesting dynamic has recently been the rising FOB prices juxtaposed against stable CNF rates due to one particular factor. Soybeans Argentina Argentina’s soybean harvest reached 53 percent completion last week on a weekly progress rate of 17 percent, and it is 7.5 percent ahead of last year at this same date. The average yield dropped to 3.44 MT/hectare this week as more marginal areas are being harvested. In total, 33 MMT have been harvested so far, and total production estimates remain around 56.5 MMT.Farmer selling is near 10 percent to date (roughly 5.6 MMT), but crushers used 4 MMT in April while exporters shipped 850...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.