China's Ministry of Agriculture published a report today that predicts the country's annual soybean imports will rise by 15.8 percent between now and 2024, which is much different from USDA's projection. Very Few Soybeans Inspected for Export Last Week Yesterday's USDA export inspections report indicated only 147,939 MT of soybeans were inspected last week for export. I believe that is the lowest for any week in the current marketing year. The unusually small inspection total is further evidence that U.S. soybean exports have largely stopped as most foreign importers have shifted to South American origin. Mexico accounted for 34.8 percent of last week's inspections with Indonesia at 22.4 percent and China at just 22 percent (32,545...
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.