U.S. soybean sales are up more than 1 MMT from last year at this time. More importantly, while the market continues to expect China to slow total purchases or shift to South America, neither has happened.The U.S. soybean export situation and outlook continue to dominate the markets. While much of the recent sharp run-up in prices across the soy complex was attributed to the meal tightness in the southeastern U.S., that situation appears to have been resolved and the extent of additional rallies will be tied to soybean exports. This assumes of course that weather in South America remains "normal".Yesterday's weekly USDA export sales report again showed much larger weekly export sales than the trade expected. Sales totaled 1.6 MMT with nearly...
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.