Soybeans: More Activity in Brazil and PNW, Little Movement in Argentina Soybeans had good movement last week in the PNW for spot positions. This origin was the most competitive for early shipments. Without offers from the Gulf because of the Mississippi's shallow draft, Chinese demand concentrated on the U.S. West Coast. Several trades were performed at around +160 SH FOB for LH January or February shipment. Chinese also were actively moving on Brazilian shipments from March onwards. Brazil already has sold quite some volume of its expected production (more than 60 percent), but traders were actively selling shipments in March and April, in addition to some May movement. Brazil's Aratu traded to China at +50 SK for May, +155 SH CNF for M...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.