The June data shows that the trend toward larger U.S. exports is already underway, but current export sales volumes for 2016/17 provide a way to add some quantitative parameters. So far, though, markets have not given the changing export outlook the consideration it probably deserves. A forthcoming sharp boost in export demand for U.S. corn, soybeans and even wheat has been the subject of discussion here for the past few months. Official U.S. Census Bureau data for June shows that such increases are well underway. Soybean exports totaled 37 million bushels, the largest volume for that month in four years. Brazilian and Argentine exports have dominated the world soybean trade in recent years, at least until U.S. new crop availability in Sept...
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.