Big Jump in U.S. Soymeal Export Sales Today's FAS Exports Sales report indicated U.S. exporters last week sold 258,700 MT of soymeal for shipment in 2011/12 and an additional 23,300 MT for delivery in the next marketing year. The combined sales of 282,000 MT of soymeal for export was far higher than market analysts' pre-report estimates of 50,000-150,000 MT and the 141,300 MT reported sold in the previous week. The largest buyers were Philippines (96,800 MT), Venezuela (62,700 MT), Egypt (32,000 MT), Canada (30,400 MT) Mexico (30,300 MT) and the Dominican Republic (20,600 MT). With three-and-a-half months left in the marketing year, U.S. soymeal exports and confirmed export sales for this marketing year now total 7.228 MMT, or 86.6 perce...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.