USSEC Conducts Course on Price Protection and Futures for Soybeans and Soybean Oil in Mexico
- General News
USSEC recently held a course on price protection and futures for soybeans and soybean oil in Mexico City. The seminar was organized and conducted by USSEC consultants Gerardo Luna, Pedro Gonzalez and Jorge Martinez, in addition to sales representatives from major Mexican soybean oil and soyfoods manufacturers. Mr. Gonzalez spoke about the quality of the 2012 U.S. soybean harvest and the expectations for the 2013 soybean crop. Mr. Luna presented several topics including the current situation and expectations for soybeans and their derivative products; the current situation and trends of prices of soybeans and soybean oil; and price protection of soybeans and soybean oil. Participants learned about factors that determine or influence the price of the derivatives and also learned about the available existing tools for price protection. The event wrapped up with a question and answer session.