USDA announced today that U.S. exporters have sold an additional 350,000 MT of soybeans to China for shipment in 2013/14. This should send a signal to the market that fears of China canceling many of the soybean purchases from the U.S. are not justified. Indian Soymeal Exports Down by 10.3 Percent in December India's soymeal exports in December totaled 451,314 MT, according to the Solvent Extractors' Association (SEA). That was 10.3 percent less than in November and 12.6 percent below the 516,456 MT exported in December 2012. The top three markets were Iran, France and Thailand, per the SEA. Exports to Iran totaled 134,748 MT in December 2013 versus 184,860 MT in December 2012.The decline in soymeal exports was mainly because India's pric...
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.