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soy-oilseeds

WASDE Soybeans

USDA Estimates - outlook for U.S. soybeans is for higher supplies, crush, exports, and lower ending stocks in 2020/21.  The soybean crop is projected at 4.125 billion bushels, up 568 million from last year on increased harvested area and trend yields.   The U.S. soybean crush for 2020/21 is projected at 2.130 billion bushels, up slightly from the 2019/20. U.S. soybean exports are forecast at 2.050 billion bushels, up 375 million from 2019/20.  With higher global soybean import demand, led by China, U.S. export share is expected to rise to 34 percent from the 2019/20.  The 2020/21 U.S. season-average soybean price is projected at $8.20 per bushel, down 30 cents from 2019/20.   ...

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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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