Soybeans Trade activity was more quiet last week in Brazil. China made purchases for July and August positions but the number of vessels involved was limited. Some trading companies took advantage of the recent drop in prices and bought positions. For instance, an August shipment that was previously traded at +105 sN C&F China was now traded at 44, indicating a decrease of 60 cents/bushel. Certain businesses took long positions by buying shipments for July and August at levels around 90s and 100s. However, they had to start selling when the market experienced a significant drop. This resulted in trading losses, but they were compelled to sell to prevent deeper losses. The market continued under pressure due to the lack of demand...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is reported to have finalized the purchase of 270,000 MT of wheat, including 220,000 MT of U.S. wheat. The U.S. wheat is priced at $322/MT, with an additional 50,000 MT of wheat at $297.90/MT through an international te...
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.