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soy-oilseeds

WASDE Soybeans

USDA estimates this month that U.S. soybean supply and use projections for 2018/19 will include lower beginning stocks, slightly higher crush, and lower ending stocks. Lower beginning stocks reflect higher crush for 2017/18. Higher global soybean production is partly offset by lower rapeseed and cottonseed. Soybean production is up 0.7 million tons to 355.2 million mainly on higher production for Brazil. A higher trend yield for the 2018/19 Brazil soybean crop reflects harvest and yield results for the 2017/18 crop, which is increased 2 million tons to 119 million. With higher production, soybean exports for Brazil are revised up for both the 2017/18 and 2018/19 marketing years. Ending stocks for Brazil are also increased with higher produc...

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Summary of Futures

Mar 19 Corn closed at $3.8175/bushel, up $0.0175 from yesterday's close.  Mar 19 Wheat closed at $5.1775/bushel, up $0 from yesterday's close.  Mar 19 Soybeans closed at $9.1675/bushel, up $0.09 from yesterday's close.  Mar 19 Soymeal closed at $315.1/short ton, up $2.9 from yest...

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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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