Falling Soymeal Prices May Move Up if Exports Continue Soybean and soymeal prices moved lower last week but had some upward movement near its end, and they are stable now due to slow poultry sector demand as well as international cues. However, world prices are still lower. The Indian soybean spot price had dropped 5.44 percent in the past month and is currently at $523/MT. Meanwhile, the soymeal price is down 6.45 percent and now at $425/MT, and the FOB price has decreased to $420/MT from an average $467/MT in May. With the U.S.-China trade war escalating and the Chinese moving to impose retaliatory tariffs on certain U.S. commodities, the prices for soybeans and soymeal, which are both on that list, have declined in the U.S. On an FOB b...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.