China exported 1.36 MMT of soymeal during the first half of 2014, a twofold surge over the first half of 2013. The average profit margin of Chinese soybean crushers has steadily improved over the past two months, and domestic demand for soymeal has been on the upswing as well. Oilseeds Soybean Stocks at Major Ports As of 4 August 2014, soybean stocks at the 20 major Chinese seaports dropped to 6.47 MMT, a decrease of nearly 750,000 MT from two weeks ago. Imported soybean stocks at the five major ports located in Shandong Province fell below 1.5 MMT from over 1.75 MMT during the same period, accounting for less than 23 percent of the total stocks at the aforementioned 20 seaports. Soybean stocks at the Lanshan Port in Shandong Province dr...
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...
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.