The Market It was another week of losses in the soybean pits, but with much shallower declines than last week. November soybeans dropped 0.7 percent and are now at their lowest price in three months. While December soyoil took the biggest cut last week, it fell just 0.8 percent this week. The honor for holding up the basement goes to soymeal with the December contract giving up 2.3 percent. Product pricing has now weakened as well. Soybean stocks are tight and will remain so but export commitments are down 32 percent from last year at this time. The drop in exports fuels the rumor of washouts. There is also the concern that USDA next week could raise its soybean production and stocks estimates as the crop survived the hot, dry summe...
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...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
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...
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.