World Perspectives
soy-oilseeds

Oilseed Highlights: EUDR Decision and South American Weather Weigh on Complex

The Market It has been a tough week thus far for soybeans and meal. The EU’s decision to delay its European Union Deforestation Regulation (EUDR) means there will be no break for U.S. exporters in competition from South America and Southeast Asia. The two days of decline have November soybeans down 1.85 percent thus far this week. 

December soymeal has taken an even larger hit. Argentine soymeal is now selling at a discount and the EUDR decision has helped push Chicago meal down 3.37 percent thus far this week. 

Soyoil was the only major agriculture futures contract in the green today. Boosted by sharply rising Malaysian palm oil prices and rising crude oil values, the December contract is up 5.1 percent thus far this...

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Summary of Futures

May 26 Corn closed at $4.465/bushel, up $0.0075 from yesterday's close.  May 26 Wheat closed at $5.74/bushel, down $0.0325 from yesterday's close.  May 26 Soybeans closed at $11.705/bushel, up $0.065 from yesterday's close.  May 26 Soymeal closed at $314.7/short ton, up $1.8 from...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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