Oilseed prices may have peaked for now, but the bull market is impacting consumption and production. We say “may” because the Rosario Grains Exchange reduced its estimate of Argentine soybean production this year to 40 MMT from 42 MMT due to frost, and the Buenos Aires Exchange is saying it could be true. Argentina is having several problems including a truckers strike and diesel shortages. The oilseed processing and export associations (CIARA-CEC) say that soybean crush utilization has dropped by 43 percent. Malaysia continues to have its own labor shortage, estimated at 10-35 percent, plus concerns about fertilizer availability and cost. But the higher oilseed prices and assuming better weather, FAS attaches are reporting exp...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.