U.S. Soy Export Sales Highlights Today’s USDA/FAS export sales report indicated exporters made moderate export sales of U.S. soybeans and soymeal in the week ending 20 May but made almost no sales or exports of soyoil. Exports of soybeans and soymeal were seasonally positive. Net sales of soybeans for export last week totaled 55,900 MT for shipment in 2020/21 and 248,300 MT for shipment in 2021/22. The top sales for 2021/22 were for Indonesia (74,900 MT), Egypt (52,000 MT), Mexico (34,800 MT), Japan (13,700 MT), and Vietnam (13,600 MT). Those sales and others were partially offset by reduction for unknown destinations of 168,100 MT. The sales for 2021/22 were mostly for Mexico (162,500 MT) and unknown destinations (45,000 MT). Soybe...
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
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.