Soybeans It seems that there were several traders who were long on positions and suddenly became nervous as the demand failed to materialize. Consequently, prices started to decline rapidly with some trading houses reaching the limits of positioning. This required some traders to sell off their positions aggressively. Chinese crushers failed to make any purchases, contributing to a further decline in the market. Consequently, the cash price also experienced a significant drop. The fall in prices attracted some demand, such as Saudi Arabia making some purchases, but overall, demand remained slow. Farmer selling is likely higher than previously estimated. Instead of 53 percent sold, it is closer to 58-60 percent due to significant pre...
What You Need to Know Today: U.S. naval escorts through the Strait of Hormuz and renewed Iranian attacks on vessels and UAE infrastructure are sustaining geopolitical risk across energy and commodity markets Broad profit taking and weaker crude oil triggered a pullback across grains, signaling...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt and Algeria, in addition to Israel, are being monitored by Ukraine as possible destinations for grain taken by Russia from occupied Ukrainian regions. In April, Egypt had said that it would “stop accepting such shipmen...
What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical risk and supporting energy and broader commodity markets Biofuel demand entering uncharted territory, with soyoil valuation increasingly di...
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.