World Perspectives
soy-oilseeds

Oilseed Highlights: Brazil Soy Crop; WASDE Changes for Soy Sector

Brazil Soy Crop Keeps Declining The size of the Brazilian soybean crop seems to decline with each passing week. Most estimates by government and private analysts are now at least 12 MMT below earlier forecasts of around 125 MMT, and some have it much smaller than that. USDA’s estimate of last week was 117 MMT, but it is normally cautious about lowering its projections, and a further decrease next month is likely. Oil World has reduced its forecast to 113.5 MMT but suggests the total may be even lower. (It also expects the crop in Paraguay to be no more than 8.4 MMT versus 9.95 MMT a year ago.) This week the Brazilian consulting firm AgRural lowered its forecast for the same soybean crop by almost 4.5 MMT to 112.5 MMT, which would be...

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feed-grains soy-oilseeds wheat

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Technical Views - Read Carefully

SPREADS October crush trades at 1.09c/bu while oilshare is slightly weaker at 2.78 percent.  Dec/March corn trades from 12 1/4c to 12 1/2c, while Dec 19/20 corn narrows into 27 1/4c from 30 1/2c, and values that were at 34c a week ago.  Nov/Jan beans trades from 13 3/4c out to 14c car...

Confusion over Grain Glitch Tax Provision Continues

The comment period for the implementing rule on one of the biggest, most controversial and complex ag provisions of the 2017 Tax Cuts and Jobs Act (TCJA) closed today. That is the new Section 199A, which impacts cooperatives and their patrons. This provision allows for a 20 percent deduction fr...

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Market Commentary

Weekend rains across Iowa, Illinois, and Indiana that are expected to boost corn and soybean yields pressured the CBOT today. Precipitation of 0.5-2” fell over parts of the Corn Belt that have badly needed it. The rains come just in time for the Pro Farmer Crop Tour, which is making its w...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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