A Good Week for U.S. Soy Exporters Today’s USDA/FAS export sales report indicated exporters of U.S. soybeans, soymeal, and soyoil had great success in the week ending 7 January. Sales of soybeans were high for this point in the marketing year and export sales of soymeal were a marketing year high. Soyoil exports were up sharply as well. Net soybean export sales for shipment in 2020/21 totaled 908,000 MT, an increase of 93 percent from the past four-week average. The top sales were for China (758,300 MT), Spain (143,000 MT), Mexico (98,100 MT), the Netherlands (85,500 MT), Pakistan (70,100 MT), and Germany (69,300 MT). Sales for shipment in 2021/22 totaled 326,000 MT with 260,000 MT for unknown destinations and 66,000 MT for China. S...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.