U.S. soybean exports thus far in 2013/14 are now at 39.835 MMT and unshipped soybean export sales stand at 4.609 MMT for a total of 44.444 MT, 103 million bushels above USDA's March forecast for exports in all of 2013/14. Minimal U.S. Old Crop Soybean Export Sales, Moderate Soymeal Sales Yesterday's USDA's export sales report indicated U.S. exporters had net sales of only 11,900 MT of soybeans for export in 2013/14. Old crop soybean sales to the Netherlands (81,000 MT), Japan (72,900 MT), Mexico (40,500 MT), China (21,700 MT) and Taiwan (13,500 MT) were mostly offset by decreases for unknown (170,000 MT), Indonesia (39,800 MT), Venezuela (25,000 MT), Thailand (6,500 MT) and Vietnam (2,500 MT). U.S soybean export sales for ship...
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
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.