The National Oilseed Processor Association’s (NOPA’s) soybean crush report of yesterday indicated its members had the largest May crush ever, driven by good margins during the month. Solid U.S. Soybean Export Sales Today’s USDA export sales report indicated last week was a solid one for U.S. soybeans. Sales of soymeal and soyoil were not so great, but those of the former were encouraging.Net soybean export sales last week totaled 816,400 MT for shipment in 2015/16 and 768,600 MT for shipment in 2016/17. The sales for 2015/16 shipment were 57 percent above the past four-week average, suggesting the U.S. is likely to have above-average sales at the end of the marketing year, and were mainly to unknown destinations (356,500 MT), China (186,5...
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.