U.S. Soy Exports and Sales Continue to Decline Today’s USDA export sales report showed U.S. soy export sales and exports continued their seasonal decline as South America ramps ups its harvest and exports. However, new soybean sales to China were a bit of a surprise. The weekly report indicated exporters in the week ending 25 March sold 105,800 MT of soybeans for export in MY 2020/21 and 131,000 MT for shipment in 2021/22. The sales for shipment in 2020/21 were mostly for China (124,000 MT), Egypt (49,300 MT), Japan (44,100 MT), Belgium (17,700 MT), and Colombia (19,700 MT). Those sales and others were partially offset by reductions in sales to unknown destinations of 216,500 MT. The sales for shipment in 2021/22 were for Pakistan (...
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.