Several exporters in Argentina expect the export program to end soon because of the drop in soybean production. Offers started to decrease this week, but they remain far behind the buyers’ target. June is offered at +25 SN with July at +28 SN and demand around +15 SN for June/July shipments. Soybeans A second consecutive week with no rain in the region brought a better scenario to Argentina and Uruguay. The harvest is still far behind last year’s numbers as Argentina was able to collect only 30 percent of the area (35 percent less than the last campaign). With a majority of the crop yet to be harvested, the production estimate currently remains at 56 MMT.Argentina was able to load only 500,000 MT in April versus the 1.5 MMT program for th...
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.