Good U.S. Soy Export Sales Last Week Today’s USDA export sales report noted good success last week in the selling of U.S. soybeans, soymeal and soyoil. It also indicated that after a slow start to exports and sales in the current marketing year, the pace has nearly caught up to that of a year ago. Net soybean export sales for the week ending 12 October totaled 1,275,200 MT. While down 27 percent from the previous week, it was still a good volume. The sales were primarily to China (1,174,800 MT), but there were also sizeable sales to Pakistan (70,800 MT), Germany (66,000 MT), Turkey (65,700 MT), and the Netherlands (52,700 MT). Soybean exports totaled 1,850,000 MT, mainly to China (1,371,000 MT), Spain (70,600 MT), Germany (66,600 MT...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
What You Need to Know Today: Wholesale inflation was flat in July, with the Producer Price Index (PPI) unchanged versus expectations for a 0.2 percent increase. Core PPI rose 0.2 percent, also below expectations. The softer inflation data has reduced the odds of a September interest rate incre...
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.