USDA forecasts that global sunflower oil imports will decline in 2020/21 but that may not be the outcome for a few reasons. One is the impact of the coronavirus lockdown, which has reduced the use of palm oil and soyoil by restaurants/HRI at the same time consumers prefer using higher quality oils at home. Second is the recent trend toward greater sunoil consumption, which has been expanding at nearly 5 percent per year since 2010. Ignoring coronavirus impacts, there is no clear reason why sunoil consumption should reverse when global sunflower production is concurrently forecasted to be rising by nearly 2 MMT this year. Sunflower oil has several functional benefits, including high smoke point, longer shelf life, neutral flavor and l...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.