World Perspectives
soy-oilseeds

Oilseed Highlights: Paraguay Soybeans, China Soy Stocks, EU Rapeseed, Soy Export Sales

Soybeans in Paraguay Suffering from Dry Weather Paraguay is the third-largest soybean producing nation in South America. It produced about 8.85 MMT of soybeans in 2019, down from a high of 10.333 MMT in 2017. USDA currently is forecasting production in 2020 at 10.2 MMT. However, because of hot, dry weather it appears production will be well below the USDA forecast. Apparently, it is so dry in northern Paraguay that soybeans that have emerged are dying out and dying. In some cases, farmers have had to replant once, and in some case twice, and are still seeing newly emerged soybeans die from a lack of moisture. Forecasts call for no significant rainfall in the near future. For that reason, analysts are already reducing their estimates for t...

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feed-grains soy-oilseeds wheat

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Please note that Ag Perspectives will not be published tomorrow, Friday, 4 July in observance of the Fourth of July holiday in the U.S. We will resume our normal report schedule on Monday 7 July...

livestock

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.37/bushel, up $0.035 from yesterday's close.  Sep 25 Wheat closed at $5.5675/bushel, down $0.0725 from yesterday's close.  Nov 25 Soybeans closed at $10.4925/bushel, up $0.0125 from yesterday's close.  Dec 25 Soymeal closed at $292.2/short ton, up $1.4 fr...

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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.

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