Soybean so good.Hedging , if they stil have hedging now that the bank is gone , will be at 30% from 50% next year.
TWM has the 300 barrel a day pre treatment canola business with the bad hedge.
$10 million per quarter on hedging losses. The new CFO has been busy.
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Soybean futures rebounded to $10 per bushel as Donald Trump's victory in the U.S. presidential election raised concerns about potential new trade barriers with China. China, the largest importer of U.S. soybeans, accounts for approximately 40% of total U.S. exports. Despite this increase, prices are expected to decline in the medium term due to ample supply. Argentina’s soybean production forecast for 2024/25 has been raised to 52 million metric tons, with planted area projected to grow by 7% to 44 million acres, marking the largest increase since the 2015–16 season. In Brazil, planting is progressing, with 52.9% of the expected area sown, up from 50.6% at this time last year. Brazilian soybean acreage for the 2024–25 season is projected to rise by 2.8% to 117 million acres, representing the slowest growth in a decade due to lower profit margins.