South Korea is reported to have sharply increased its imports of soybeans and soymeal in the first eight months of MY 2015/16 as those of two other oilseeds have declined. Last Week’s U.S. Soybean Export Inspections Impact Futures USDA’s export inspections report for last week, which was released today, indicated 191,426 MT of soybeans were inspected, a decline from 272,066 MT for the previous week. That decrease suggests it will still be some time before there are large loadings of old crop soybean export sales for shipment in 2015/16. The volume inspected fell below the lower end of analysts’ forecasts.Notable last week was the higher volume of soybeans shipped in containers. Based on the ports of loading and destinations, it appears 61...
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.