World Perspectives
soy-oilseeds

Oilseed Highlights: Brazilian Soy Crop Forecasts; Lower U.S. Soy Plantings; Global Soybean Stocks

Brazilian States' Reduced Soy Crop Forecasts The government of the Brazilian state of Parana today forecast its 2019 soybean crop at 16.8 MMT, down from its December estimate of 19.1 MMT. The reduction was a result of a significant drought that has impacted yields. The state’s agricultural research agency (Deral) estimates 15 percent of the soybeans have been harvested. It also indicated that 7 percent of the remaining crop is in bad condition with 23 percent in average condition and 70 percent in good condition. Parana is the second-largest soybean producing state after Mato Grosso. Rio Grande do Sul’s agricultural research agency has also lowered its forecast for that state’s production by 340,000 MT to about 18.36 MMT...

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Summary of Futures

Mar 26 Corn closed at $4.445/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0775/bushel, up $0.015 from yesterday's close.  Jan 26 Soybeans closed at $10.5225/bushel, down $0.06 from yesterday's close.  Jan 26 Soymeal closed at $298.4/short ton, up $0.2 from...

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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.

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