Net Reductions in U.S. Soybean and Soyoil Export Sales Today's USDA export sales report indicated a net reduction in U.S. export sales of soybeans and soyoil for the 2012/13 marketing year and indicated a net reduction of 70,900 MT of soybeans last week. This was because additional sales of soybeans to Thailand (6,100 MT), Vietnam (6,100 MT), Taiwan (5,100 MT), Indonesia (3,900 MT) and China (2,500 MT) were more than offset by decreases to Mexico of 58,000 MT and 38,300 MT to unknown destinations. Exports of soybeans last week totaled 77,400 MT, which was a marketing year low. Those shipments went to Mexico (43,400 MT), Japan (15,100 MT), Taiwan (6,300 MT), Indonesia (4,900 MT) and Barbados (3,600 MT). New crop soybean sales last week to...
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...
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.