U.S. Soy Export Sales Highlights The week ending 19 August was a good one for exporters of U.S. soybeans for shipment in 2021/22, but not so much for exporters of soymeal and soyoil. Net export sales of soybeans for shipment in 2020/21 totaled only 75,100 MT while sales for shipment in 2021/22 totaled 1,750,000 MT. The top sales for 2020/21 were for China (90,800 MT), the Netherlands (66,000 MT), Taiwan (21,100 MT), Indonesia (19,700 MT), and Vietnam (5,900 MT). Those sales and others were partially offset by reduction for unknown destinations of 131,000 MT. The top sales for shipment in 2021/22 were for China (934,500 MT), unknown destinations (587,900 MT), Mexico (148,600 MMT), Taiwan (26,500 MT), and Indonesia (15,400 MT). Soybea...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.