Good Week for U.S. Soy Export Sales Today's USDA export sales report showed U.S. exporters had a banner week last week selling soybeans. The report indicated exporters sold 1,015,200 MT of soybeans for shipment in 2011/12 and an additional 630,800 MT for shipment in 2012/13. China accounted for 48.2 percent (489,600 MT) of the sales for the current marketing year and 73.7 percent of next marketing year. Other notable soybean sales for this year were to Germany (75,800 MT), Saudi Arabia (72,600 MT) and Japan (63,400 MT). The sales for 2012/13 were to China (465,000 MT) and unknown destinations (165,000 MT). One suspects the unknown sales also are to China.U.S. soymeal export sales totaled 123,700 MT for 2011/12 and 16,300 MT. The sales fo...
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.