U.S. Soy Export Sales Highlights Today’s USDA/FAS export sales report indicated the week ending 13 May was another slow one for export sales of U.S. soybeans, soymeal, and soyoil. Soybean and soyoil exports were better than in recent weeks, but soymeal exports were well below that of recent weeks. Net export sales of soybeans during the week totaled only 84,200 MT for shipment in 2020/21 and 96,000 MT for shipment in 2021/22. The sales for shipment in the current marketing year mostly were for Japan (57,800 MT), Egypt (55,000 MT), South Korea (25,800 MT), Vietnam (12,600 MT) and Canada (12,200 MT). The sales for shipment in 2021/22 were for primarily for Mexico (47,500 MT) and unknown destinations (47,500 MT). Soybean exports...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought 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.