U.S. Soymeal Exports Sales Now Ahead of Last Year Today's USDA export sales report once again indicated U.S. exporters made large export sales of soymeal last week. Soymeal sales last week totaled 229,600 MT for shipment in the current marketing year and 31,600 MT for delivery in the next marketing year. Notable sales for 2011/12 included Romania (45,000 MT), Mexico (35,600 MT), Peru (30,000 MT), unknown (28,000 MT), Philippines (25,500 MT) and Israel (17,000 MT). Most of the sales for next year were to unknown (30,000 MT).With this week's soymeal sales, total soymeal sales for the current marketing year now total 7.457 MMT, 2.4 percent higher than the 7.282 MMT sold at this point a year ago. This reaffirms my statement last week that US...
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...
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.