Canadian Prime Minister Justin Trudeau has achieved a small measure of success regarding the issue of China changing its foreign material limit for canola from 2.5 to 1 percent. Another Week of Large U.S. Soybean Export Sales and Exports Today’s USDA export sales report confirmed last week was busy for U.S. soybeans. It indicated net sales for 2015/16 included the shift of 633,000 MT from unknown destinations, mainly to China (329,000 MT), Indonesia (70,000 MT), Italy (55,000 MT) and Morocco (20,000 MT). In addition, sales of 221,200 MT previously reported for the Netherlands were switched to Germany. Net new sales totaled only 107,500 MT. Net sales of 1.4764 MMT for export in MY 2016/17, which began today, were primarily to China (679,0...
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...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.