USDA’s outlook is for U.S. soybean supplies being relatively unchanged as lower beginning stocks and imports offset higher production. With crush and export forecasts unchanged, the ending stocks projection remains unchanged at 475 million bushels. The average U.S. yield estimate was increased a half bushel to 47.4 bushels per acre. The U.S. season-average soybean price for 2019/20 is forecast at $9.00 per bushel, up 15 cents in part reflecting stronger soybean oil prices. ...
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.