The Market The trend remains downward for soybeans and yet this week provided a bounce off the bottom. The move reflects some belief that demand is sufficient despite a weak U.S. export profile. It also ignores the fact that demand from China from all sources is lower with January-February imports hitting a five-year low. Bullish factors include USDA’s reduction in global soybean carryout, tight palm oil supplies, and good demand for soymeal and renewable diesel. Value added since last week’s close puts May soybeans up by 32.75 cents (2.8 percent) at 1184/bushel; May soymeal up by $9.10 (2.7 percent) at 341.4/ST, and May soyoil up 1.01 cents (2.2 percent) at 46.17/pound. The week also saw canola futures pushed back above...
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
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.