U.S. Soy Export sales Highlights Today USDA released the weekly export sales report for the week ending 15 August. It indicated net sales of soybeans totaled 25,900 MT for MY 2018/19 shipment. Sales to Germany (68,500 MT), Indonesia (56,000 MT), Bangladesh (53,100 MT), Portugal (35,000 MT), Italy (30,100 MT), Mexico (11,200 MT), and China (9,600 MT) were partially offset by reductions in sales to unknown destinations (169,000 MT), Pakistan (62,500 MT) and Japan (27,300 MT). Sales for shipment in MY 2019/20, which begins on 1 September, totaled 792,600 MT. The top sales were to unknown destinations (421,000 MT), Mexico (111,500 MT), China (66,000 MT), Egypt (55,000 MT), and Japan (5,200 MT). The combined sales of 75,600 MT to China w...
What You Need to Know Today: The U.S. and Iran resumed missile strikes after a brief pause in fighting, raising concerns that the five-month conflict could expand across the Middle East. Jordan intercepted Iranian missiles, Kuwait reported a fatal strike, and drone attacks damaged two natural...
The Senate Agriculture Committee will take up the farm bill next week, and a number of amendments targeting the meat industry are expected to be offered. Two of the most potentially damaging are the Schumer amendment, based on his bill, the Family Grocery and Farmer Relief Act, and mandatory co...
Oliver Goldsmith's The Deserted Village, published in 1770, is of a timeless quality. It is a 425-line lament for a disappearing rural world, where prosperous villages give way to larger estates, fewer farmers, and emigration. One passage even follows those leaving for the new colony of Georgia...
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.