NOPA April Crush Report Shows Expected Big Decline Yesterday's NOPA crush report for April 2013 shows that its members sharply reduced their soybean crush as expected. The report indicates NOPA's members crushed 120.113 million bushels (3.269 MMT) of soybeans last month. That was a decline of 12.4 percent from March and 8.8 percent below crush volume in April 2012. The average meal yield in April was 47.64 pounds/bushel (79.4 percent) and the average oil yield was 11.85 pounds/bushel (19.8 percent). The oil yield was down from last month, when it reached 30-year record of 11.94 pounds/bushel (19.9 percent), but well above the April 2012 yield of 11.54 pounds/bushel (19.2 percent). The decline this month was a bit of a surprise considerin...
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...
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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.