Soyoil prices again pushed higher than soymeal today, pushing the oilshare of product value ever higher (approx. 36.85 percent). The price difference cannot be justified looking just at U.S. supply/demand since its domestic soymeal ending stocks are pushing lower while soyoil stocks are steady. Instead, it is the global surplus stocks of all vegetable oils that are forecast to hit the lowest level in a decade (see graphs below). Last year it was oilshare that got pushed down to record lows (28 percent) as the demand for biofuel plunged along with petroleum as governments shut down their economies for COVID. There are other wildcards. Argentina is the largest exporter of soybean meal and oil and so its various strikes and export stoppages i...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.