One of the countries often overlooked as a market for soybeans is Turkey. However, it is one of the world's fastest-growing markets for soy as it expands its domestic dairy, poultry, egg and aquaculture sectors to feed its population and that of neighboring countries. U.S. Soybean Exports at Record Pace U.S. exporters have been exporting soybeans at a very rapid rate ever since the new crop became available in September. The total for that month was 2.109 MMT (77.48 million bushels) despite extremely tight domestic supplies. Since then, the pace has exploded with inspections reaching a record 2.8455 MMT (106 million bushels) in the week ending 30 October. However, this achievement did not hold long as USDA reported yesterday that soybean...
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.