U.S. Soy Export Sales Highlights Today’s USDA/FAS export sales report indicated exporters made moderate export sales of U.S. soybeans and soymeal in the week ending 20 May but made almost no sales or exports of soyoil. Exports of soybeans and soymeal were seasonally positive. Net sales of soybeans for export last week totaled 55,900 MT for shipment in 2020/21 and 248,300 MT for shipment in 2021/22. The top sales for 2021/22 were for Indonesia (74,900 MT), Egypt (52,000 MT), Mexico (34,800 MT), Japan (13,700 MT), and Vietnam (13,600 MT). Those sales and others were partially offset by reduction for unknown destinations of 168,100 MT. The sales for 2021/22 were mostly for Mexico (162,500 MT) and unknown destinations (45,000 MT). Soybe...
Beef packer margins deteriorated to -$218/head last week, down $20 from the prior week as a softer Choice cutout combined with slightly lower fed cattle prices. The cutout slipped to $391/cwt while fed cattle prices eased to $256/cwt, leaving packer profits under pressure. Margins remain deeply...
What You Need to Know Today: The U.S. and Iran agreed to a peace deal on Monday with the deal expected to be signed Friday in Switzerland. The memorandum signed is explicit that Iran will allow 60 days of toll-free transit for all traffic through the Strait of Hormuz, and President Trump annou...
The U.S. and Iran announced a framework peace deal. Crude oil futures dropped to $83.08, the lowest since early March. The breakthrough comes as President Trump said that if Iran failed to reach a deal, he would order renewed military attacks. An LNG tanker chartered by India’s Petronet c...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.