Soybeans Market Overview The market was quiet last week on slow Chinese demand. Dalian soymeal futures fell 2 percent last week with tweet-based news of a meeting between Presidents Trump and Xi pressuring Chinese crush margins and soybean demand. As it has always done based on these sorts of tweets, the market stood still while awaiting further details. With past Trump/Xi meetings, there has typically been a cycle of positive tweets and then positive tweets that include encouraging details, which have been followed by disappointing and trade war-lengthening tweets. That pattern has been fairly well defined over the past year, and this analyst didn’t expect any different outcome from last week’s tweet. It is difficult t...
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.