Soybeans Market Overview The soybean market was very slow last week as it was shortened by the Easter-related holiday. It was even slower today as Monday is also a holiday in Europe with most of the freight departments, which are mainly based there, not working. A few cargoes were traded last week from Brazil to China. May traded at 115K CNF, while there was some demand for June FOB and CNF positions. The Brazilian real fell to 3.94 against the USD by the end of the week, although this did not stimulate much farmer selling. Low CME prices combined with low basis are hardly encouraging farmers to sell. Demand is mostly focused on nearby positions, leaving trading houses in a very uncomfortable position since they cannot buy positions in...
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.