World Perspectives
soy-oilseeds

WASDE Soybeans

USDA’s U.S. soybean supply and use projections for 2019/20 are mostly unchanged in the March WASDE.  The U.S. season-average soybean price is projected at $8.70 per bushel, down 5 cents. With soybean crush and exports projected at 2.1 billion bushels and 1.8 billion bushels, respectively, ending stocks remain at 425 million bushels, down 484 million from last year’s record.  Soybean and soybean oil prices are reduced this month.   USDA’s outlook is for higher production and stocks relative in 2019/20 global oilseeds: Global soybean production is raised 2.4 million tons to 341.8 million, mainly on a 1-million-ton increase for both Argentina (to 54 million) and Brazil (to 126 million).  Argentina&r...

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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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