Soy Export Sales Highlights Today’s USDA export sales report for the week ending 22 March was a bit disappointing for soybeans but positive for soymeal and soyoil. However, a separate USDA daily report helped to brighten the outlook a bit, indicating exporters had reported the sale of 266,500 MT of soybeans to unknown destinations for shipment in 2017/18. Net sales of U.S. soybeans for export in 2017/18 totaled only 317,500 MT, down 77 percent from the past four-week average. They are primarily destined to the Netherlands (113,600 MT), Indonesia (106,500 MT), Pakistan (57,200 MT), South Korea (51,400 MT) and Egypt (42,800 MT). Those sold for export in 2018/19 totaled 69,700 MT, mainly to China (60,000 MT). Soybean exports last week...
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
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.