China's Ministry of Commerce is currently indicating the country's December soybean imports will be about 6.8 MMT, but that number is far below the likely total of well above 8 MMT. USDA inspected 8.737 MMT of soybeans destined for China in November. Big Increase in Conab's Forecast for Brazilian Soybeans The Brazilian Agriculture Ministry's supply agency (Conab) yesterday surprised the market when it sharply raised its forecast for Brazil's 2015 soybean crop by 5.9 percent from 90.5 MMT to 95.8 MMT. If realized, the crop would be 9.7 MMT (11 percent) greater than the 2014 production and the largest in history by far. Conab based its increase on expectations of a 6 percent rise in average yields this year to 3.033 MT/hectare (45.1 bushels...
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.