World Perspectives
soy-oilseeds

WASDE Soybeans

SOYBEANS: U.S. soybean supply and use changes for 2022/23 include higher exports, lower crush, and reduced ending stocks compared with last month’s report.  Higher exports more than offsetting lower crush, and the U.S. ending stocks are estimate is reduced 15 million bushels to 210 million.  U.S. soybean oil exports are reduced 200 million pounds to a historically low 500 million.  The U.S. season-average soybean price forecast for 2022/23 is unchanged at $14.30 per bushel.  The soybean meal price is forecast at $465 per short ton, up 15 dollars.  The soybean oil price is reduced 2 cents to 66.0 cents per pound. Global 2022/23 soybean ending stocks are lowered 2.0 million tons to 100.0 million...

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Summary of Futures

May 23 Corn closed at $6.4725/bushel, down $0.01 from yesterday's close.  May 23 Wheat closed at $6.9975/bushel, up $0.0175 from yesterday's close.  May 23 Soybeans closed at $14.6775/bushel, up $0.255 from yesterday's close.  May 23 Soymeal closed at $457.9/short ton, up $11.9 f...

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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.

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