The Market Pressured by improved weather in Brazil, favorable crop conditions in Argentina, and a softening Chinese market, March soybeans declined 0.89 percent this week to end at 1213.25/bushel. USDA’s announcement on Friday of the sale of 297 KMT of soybeans to China was not enough to reverse course despite it being the first sale in over a month. U.S. soybean shipments are down 20 percent compared to this same time last year. March soymeal dropped 1.5 percent and is now valued at 356.5/ST. March soyoil settled at 46.9/pound, a decline of 2.79 percent for the shortened trading week. While canola is tracking lower with soyoil, palm oil has been rebounding and is trading above its 100-day average. The trend remains down but the dec...
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.