Soy Export Sales Highlights Last week’s U.S. exports sales were not good for the soy complex. Net soybean export sales for 2017/18 totaled only 616,300 MT, down 50 percent from the week prior and 24 percent below the past four-week average. The top buyers were China (142,500 MT that included 63,000 MT switched from unknown), Egypt (110,000 MT), Thailand (106,900 MT), Mexico (86,500 MT) and Indonesia (82,500 MT). Sales for shipment in 2018/19 totaled 143,100 MT, mostly to unknown destinations. Soybean exports last week totaled 1,243,700 MT, a 3 percent decline from the past four-week average. They were destined primarily to China (517,600 MT), Thailand (172,800 MT), Pakistan (138,300 MT), Indonesia (72,100 MT) and Spain (71,500 MT)...
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.