The Market The soy complex spent the early part of this trading week adding value, and the latter part shedding it. Bearish was an increase in the forecast for Argentine production. Brazil’s harvest is still uncertain. The drop in both Brazilian basis and U.S. RIN values were ominously bearish. U.S. soybeans are priced the equivalent of $1.70/bushel over Brazil and as a result, export sales are underwhelming. For the week, March soybeans closed out at 1209.25/bushel, a loss of 4 cents of 0.33 percent. That is a shallower loss than the week before. March soymeal lost $7.60 or 2.1 percent to end at 348.9/ST. March soyoil looked like it would similarly close out in the hole but a late rally pegged its value at 46.93/pound. That is an in...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
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.