U.S. Soy Export Sales and Exports Update Today’s USDA/FAS export sales report indicated exporters had a positive week selling U.S. soybeans for export in the week ending 23 September. Soybean exports also picked up from the previous week. Sales of soymeal also were fairly positive. Net sales of soybeans for export in 2021/22 totaled 1,093,900 MT. The top sales were for China (776,500 MT), Egypt (92,500 MT), the Netherlands (86,300 MT), Turkey (55,000 MT), Mexico (43,400 MT), Italy (39,200 MT), and Spain (33,000 MT). Sales of 7,800 MT of soybeans to Cuba for export in 2022/23 also were reported. Soybean exports last week totaled 528,700 MT. The top destinations were China (292,200 MT), the Netherlands (86,300 MT), Italy (39,200...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.