U.S. Soy Export Sales Highlights USDA’s export sales report for the week ending 16 May showed sales of U.S. soybeans were up from the previous week, but those of U.S. soymeal and soyoil were slightly lower. Net soybean export sales for shipment in 2018/19 totaled 535,800 MT, 45 percent above the week prior. The top sales were to unknown destinations (255,500 MT), Indonesia (78,000 MT), China (71,000 MT), Egypt (55,000 MT) and Japan (15,900 MT). Sales for shipment in 2019/20 totaled only 5,100 MT. Soybean exports last week totaled 570,800 MT, mainly to China (272,100 MT), Mexico (100,600 MT), Indonesia (76,100 MT), Japan (42,500 MT) and Costa Rica (15,400 MT). The sale of an additional 71,000 MT to China was a bit surprising conside...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.