U.S. Soybeans Should Now Be the Top Choice for Most Markets China’s announcement this week that it was cancelling the 25 percent tariff exemption on all U.S. soybeans purchased after 3 August had the effect of driving up soybean prices in South America. As of today, the FOB spot price for U.S. soybeans was $28.25/MT lower than that for Brazilian origin and $9.25/MT less than for Argentine origin. The price of U.S. soybeans for future shipment remains below that of Brazilian soybeans through January. The lower price for U.S. soybeans should make them the top choice for all importers other than China and Russia for the next six months or more. Even with a smaller crop than last year, U.S. ending stocks are so large that the price is u...
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.