The National Association of Oilseed Processors (NOPA) yesterday announced an impressive February soybean crush volume, while the average soyoil yield was somewhat less notable. NOPA's Second-Largest February Soybean Crush Volume in History The National Association of Oilseed Processors (NOPA) yesterday released its crush report for February, which indicated members processed 146.97 million bushels (4 MMT). That was the second-highest crush volume in history after February 2010's 148.351 million bushels (4.037 MMT). February's average daily crush rate of 5.249 million bushels was slightly greater than January's 5.248 million bushels. Clearly, NOPA members were running at close to maximum capacity during the month.The average soyoil yield f...
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.