Weather Patterns Present Near-Term Risk to Soybean Crop; Soymeal Prices Will Be Quick to React
New soymeal spot price and market sentiment report from Spot Market Insights, a Bloomberg BNA Business, analyzes the price drivers and inhibitors of the soymeal cash market
KEENE, N.H., July 13, 2016 /PRNewswire/ -- As the 2016 U.S. soybean crop reaches a critical period of maturation, all eyes will be on the weather patterns in key producing states. La Nina patterns would be expected to drive significant position changes and lead to increased cost of soymeal and other derivative soy products in the spot market.
"We've seen good-to-excellent ratings holding well above last year, but the next six weeks are critical to production levels and quality for this year's U.S. soybean crop," said Shawn McCambridge, Director of Spot Market Insights: Soymeal.
Spot Market Insights: Soymeal will continue to track weather conditions and the possible impact on production and related prices.
Providing transparency on current market prices combined with expert analysis of the soybean complex, Spot Market Insights: Soymeal is now available to all organizations with a stake in the soymeal market including soybean growers, grain elevators, agricultural retailers, crushers, feed manufacturers, traders and end users of soymeal in the poultry, pork, and beef sectors.
With concise coverage of all the factors driving the price of soymeal including weather, crush margin, inventories, global influences, crop quality, transportation and more, this twice-weekly analysis provides expert direction that the market can use right away.
In addition to analysis of the factors impacting the cash price for soymeal, Spot Market Insights: Soymeal delivers exclusive price assessments for soymeal in the key U.S. regions of Illinois Indiana, Northern Iowa, Southern Iowa, Minnesota, and the Southeast U.S.
For more information on Spot Market Insights: Soymeal, visit www.SpotMarketInsights.com, call +1-603.357.8110 or email [email protected].
About Spot Market Insights
Spot Market Insights provides proprietary spot pricing data and expert analysis of critical commodity markets.
Spot Market Insights creates transparency by providing current spot price assessments and market sentiment reports within key geographic markets. The commodities covered by Spot Market Insights represent some of the most widely used products in manufacturing, agriculture, and food processing.
By understanding the price direction and sentiment of the spot market within these commodities, buyers, sellers, investors and others aligned with the industry can better manage their business and effectively plan for the future.
Spot market price assessments are developed utilizing extensive networks of buyers, sellers, and intermediaries. The objective, unbiased spot pricing reports provide our clients with current, reliable pricing intelligence they need to limit risk and optimize profitability. Our methodology is fully transparent, and can be found at spotmarketinsights.com/price-assessment-methodology.
Spot Market Insights is a division of Kennedy Information. For over 40 years, Kennedy has delivered accurate, meaningful market intelligence through multiple media including databases, in-person conferences and seminars, research studies, custom research, advisory services, periodicals, and online events.
Kennedy's parent company, Bloomberg BNA, provides legal, tax and compliance professionals with critical information, practical guidance and workflow solutions. Bloomberg BNA leverages leading technology and a global network of experts to deliver a unique combination of news and authoritative analysis, comprehensive research solutions, innovative practice tools, and proprietary business data and analytics. Bloomberg BNA is wholly owned by Bloomberg L.P., the global business, financial information and news leader.
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SOURCE Spot Market Insights
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