USDA’s soybean outlook - U.S. soybean supply and use changes for 2019/20 include lower exports, seed use, and residual use, higher crush, and higher ending stocks. Soybean exports are reduced mainly on strong competition from Brazil. Higher crush only partly offsetting lower exports, seed, and residual use – so ending stocks are projected at 480 million bushels, up 55 million. Lower seed use reflects plantings for the 2020/21 crop indicated in the March 31 Prospective Plantings report. The season-average soybean price is forecast at $8.65 per bushel, down 5 cents. ...
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.