World Perspectives
soy-oilseeds

Oilseed Highlights: Brazil’s Soymeal and Potential Soy Export Tax; Palm Oil in the Americas

Brazil’s Soybean Crushers Seek Better Market Access for Soymeal in China The huge increase in Brazil’s soybean exports to China has been a boon for its farmers who are receiving almost $2/bushel more than in the U.S., but it has put local soybean processors in a bind. The Brazilian Association of Vegetable Oil Industries (ABIOVE) today raised its forecast for the country’s soybean exports in its current marketing year to 79 MMT, which would be far above the total 68 MMT in MY 2017/18 and 52.1 MMT in MY 2016/17. Even though the 2018 crop was a record 122.4 MMT, this significant growth in exports, mostly to China, has reduced the amount available for domestic crushing and substantially raised the price of those soybeans. C...

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Market Commentary: Weather Worries Nearing a Ceiling

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soy-oilseeds

Oilseed Highlights: Up, Despite Grey Clouds

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.5/bushel, down $0.02 from yesterday's close.  Jul 24 Wheat closed at $6.2225/bushel, up $0.0175 from yesterday's close.  Jul 24 Soybeans closed at $11.7725/bushel, down $0.025 from yesterday's close.  Jul 24 Soymeal closed at $344.7/short ton, down $2.9 f...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Worries Nearing a Ceiling

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soy-oilseeds

Oilseed Highlights: Up, Despite Grey Clouds

The Market Brazil has been winning the soybean export war, and imported biodiesel feedstock threatens domestic crush margins, but Chicago trading this week appeared to shake off such concerns. July soybeans traded lower for the past three trading sessions but larger gains achieved at the beginn...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.5/bushel, down $0.02 from yesterday's close.  Jul 24 Wheat closed at $6.2225/bushel, up $0.0175 from yesterday's close.  Jul 24 Soybeans closed at $11.7725/bushel, down $0.025 from yesterday's close.  Jul 24 Soymeal closed at $344.7/short ton, down $2.9 f...

Q1 GDP Comes in Low, Interest Rate Expected to Stay High

The Q1 2024 GDP was 1.6 percent, well below the pre-report consensus expectation of 2.4 percent, and down from 3.1 percent in Q1 2023 and 3.4 percent in Q4 2023. That rate was the slowest in almost two years, dating back to Q2 2022.  Recall that in the 2 February Ag Perspectives report on...

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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.

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