Indonesia’s palm oil stocks fell 8.2 percent to 1.8 MMT in June from 1.96 MMT at the end of May. That was the sixth straight month that they have declined, spurred by certain steps taken by the government. Large Sales of U.S. Soybeans Continue Exporters have had enormous success selling U.S. soybeans in the past few days. Since 1 August, sales totaling 2.4562 MMT have been reported with all but 66,000 MT of that for shipment in 2016/17. Sales to China totaled 1.689 MMT, and the remaining 767,200 MT were to unknown destinations. Most likely, a sizable share of the latter will also go to China. Undoubtedly, more sales that were under 100,000 MT will be included in this week’s USDA export sales report.Yesterday’s USDA export inspections repo...
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.