U.S. Soy Export Sales Highlights Today’s USDA/FAS export sales report indicated the week ending 22 October was a fairly good one for exporters of U.S. soybeans, but less so for sales of soymeal and soyoil. New sales of all three commodities were down from the previous week. Net soybean export sales for shipment in 2020/21 totaled 1,620,700 MT. That was 35 percent below the past four-week average. The top sales were for China (1,073,900 MT), Mexico (178,700 MT), the Netherlands (175,600 MT), Egypt (153,400 MT), and Singapore (65,100 MT). The sale to Singapore obviously was actually to another country and will be corrected later. Exporters also reported the sale of 9,000 MT of soybeans for Japan to be exported in 2021/22. Soybean expo...
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
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.