Today’s USDA export sales report indicated last week was good for U.S. soy. The sales suggest the U.S. will have excellent exports through the remainder of this marketing year and in 2016/17, particularly for soybeans. Good Week for Soy Export Sales Today’s USDA export sales report indicated last week was good for U.S. soy. The sales suggest the U.S. will have excellent exports through the remainder of this marketing year and in 2016/17, particularly for soybeans.Net soybean export sales in the week ending 14 July totaled 325,000 MT for shipment in 2015/16, mostly for China (194,500 MT), Indonesia (67,900 MT), Thailand (33,200 MT), the Netherlands (22,500), Peru (16,000 MT) and Morocco (14,000 MT). Of these sales, 148,000 MT were switched...
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.