Soy Export Sales Highlights Today’s USDA export sales report confirmed the downward trend in U.S. soybean export sales as Brazil ramps up its sales and exports of the oilseed. Export sales of soymeal and soyoil were fairly good for this time of the year. Net sales of U.S. soybeans for export in 2020/21 in the week ending 18 March totaled only 101,800 MT. That was 56 percent below the past four-week average. The top sales were for Egypt (109,700 MT), Indonesia (63,100 MT), Mexico (50,600 MT), Japan (9,600 MT) and Malaysia (4,800 MT). Those sales and others were partially offset by shifts from unknown destinations of 152,500 MT). Sales of soybeans for shipment in 2021/22 totaled 65,000 MT to unknown destinations. Soybean exports total...
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...
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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.