Soybeans Market Overview Following the Chinese Lunar New Year holiday, expectations for increased soybean demand from China were not met, resulting in a lower-than-anticipated purchase volume. There was still some activity, however, and last week Brazil saw movement for March positions. It is estimated that China still needs to purchase approximately 1.5 MMT to cover all their March requirements. Total March demand from China was reduced from 12 to 11 MMT from U.S. and Brazil due to fewer than expected purchases in the past days. Market dynamics have shifted notably in recent months. Previously observed inverses in Brazilian FOB offers from February and March to April have narrowed due to lack of spot demand. Last week...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
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.