World Perspectives
soy-oilseeds

Oilseed Highlights: On an Upswing

The MarketThe January soybean contract is up 3.2 percent on the week and has is now up 3.5 percent from its late October low at 979/bushel, but it is still 5 percent below its late August high at 1083/bushel.11072024oilseeds_beans.png 1.16 MBUntil today’s turnaround following very large export sales last week, the December soymeal contract had fallen 14 percent since a 1 October high at 347.5/ST. For the week thus far, it is up one percent.  11072024oilseeds_meal.png 1.27 MBPalm oil has been pushing all seed oils higher, with December soyoil now up 25 percent in value since the mid-August low at 38.67/pound. It is up 4.3 percent for this week thus far. January ICE canola is up 18.6 percent from its September 13 low. 11072024oilseeds_so...

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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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