Soy Export Sales Highlights Today’s USDA export sales report was both positive and somewhat disappointing. Sales of soybeans for the upcoming marketing year were large, but not for 2019/20. Sales of soymeal and soyoil were disappointing. However, exports of soybeans and soymeal last week were positive. Net soymeal export sales in the week ending 13 August totaled a negative 12,700 MT for 2019/20 and 2,573,200 MT for shipment in 2020/21. The top sales for 2019/20 were for the Netherlands (137,000 MT), Indonesia (88,800 MT), Spain (40,000 MT), Japan (38,700 MT), and France (23,000 MT). Those sales and other were more than offset by a reduction in unknown destinations (342,800 MT) and China (32,800 MT). The top sales for shipment in 20...
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.