The Argentine soybean market was active this week with trades for April-July at levels of 6 SN for April and May, 10 SN for June and 14 for July FOB. At this time, trades are estimated at 5-5.5 MMT, while farmers haven’t sold more than 5 MMT to the export sector from the 2016 crop of 58 MMT. Soybeans Brazil has already harvested more than 33 percent of the crop with good yields being confirmed. It is clear that there are plenty of beans in the market, and farmers are generally not selling any stocks at this time. It is estimated that they have already sold approximately 60 percent of production.February exports should be close to 4 MMT, although the final volume is still being determined. It is estimated that around 3.4 MMT of this went t...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.