The Market This was the third week in a row for March soybeans taking a loss and prices are down at six-month lows. Ample rains in central Brazil are bringing help to pod setting at the same time the strong dollar makes U.S. beans more expensive. For the week, the March soybean contract lost 41.75 cents (-3.2 percent) and is now valued at 1256.25/bushel, March soymeal lost $15.10 (-4.3 percent) and is worth 369.4/ST – a two month low, and March soyoil gave up 0.53₵ (-1.1 percent) and ends the week valued at 47.63/pound. Soybean prices are now toying with major support at 1250 but if new demand is sparked, it could push back up toward 1282-1285/bushel. Canola and palm oil are sinking along with competing vegetable oils. ...
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.