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: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.