Indian Soy Processors Too Optimistic About Soymeal Exports Reports indicate India has begun its 2012/13 soymeal export sales program with sales of about 250,000 MT mostly to Southeast Asia. Indian soybean processors always are bullish early in the marketing year about the amount of soymeal they will export, and this year is no exception. This week Davish Jain, managing director of India's Prestige Group of Industries told Dow Jones that he expects India's soymeal exports to grow by 10 percent to 5.5 MMT in 2012/13.There are several problems with Mr. Jain's forecast for Indian soymeal exports. First, it is not yet known just how many soybeans India will produce. Some guess this year's crop will reach 12 MMT, but others say it is more like...
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.