The general view now is that India's 2013 soybean crop was no greater than 9 MMT, and the country is likely to face a severe soymeal shortage in the domestic market from now until the fall harvest. Sharp Decline in India's February Soymeal Exports India's February soymeal exports fell to only 183,550 MT from 364,443 MT in January and 581,606 MT in February 2013. The total was 1.502576 MMT for November 2013-February 2014 compared with 2.265589 MMT for the same period a year ago, according to India's Solvent Extractors Association (SEA). The sharp decline is the result of a smaller soybean crop in 2013, poor soybean quality and farmers' reluctance to sell their smaller crop.Because of the good monsoon India experienced in 2013, the early ex...
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.