Higher Week for U.S. Soy Exports Today’s USDA export sales report indicated higher sales last week for U.S. soybeans and soymeal, particularly for the latter. Net soybean exports for shipment in 2017/18 totaled 252,300 MT, mainly to the Netherlands (78,500 MT), Canada (74,300 MT), Iran (71,400 MT), Indonesia (70,400 MT) and Mexico (66,000 MT). These sales and others were partially offset by reductions to unknown destinations (113,000 MT), Egypt (60,000 MT) and the United Kingdom (12,000 MT). The sale to Iran brought its total purchases in 2017/18 to 197,100 MT, and more are likely in coming months because of the higher prices and limited availability from Brazil. Sales for shipment in 2018/19 totaled 613,400 MT, primarily to unknown...
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.