World Perspectives
soy-oilseeds

Oilseed Highlights: Soy Changes in USDA WASDE Report; Soy Export Sales; Argentine Takeover of Vicentin

Today’s USDA WASDE report did not include any major unexpected changes in the supply and demand situation for the soy sector. U.S. soybean exports in 2019/20 were reduced, but U.S. soybean crush was increased as were U.S. soyoil exports. Overall, the report was relatively neutral to slightly positive. Some of the more significant changes in the report were the following for MY 2019/20:

U.S. soybean production in 2019 was reduced by 5 million bushels (96.68 MMT) after resurveying producers in the northern plains. 

U.S. soybean exports were reduced by 25 million bushels to 1.65 billion bushels (44.91 MMT). That was expected based on the slow pace of U.S. soybean export thus far.

U.S. soybean crush was increased by 1...

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Summary of Futures

Mar 26 Corn closed at $4.275/bushel, down $0.0125 from yesterday's close.  Mar 26 Wheat closed at $5.3725/bushel, up $0.09 from yesterday's close.  Mar 26 Soybeans closed at $11.24/bushel, up $0.015 from yesterday's close.  Mar 26 Soymeal closed at $303/short ton, up $2.2 from ye...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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