U.S. Soy Export Sales Update USDA announced yesterday that exporters had sold an additional 586,000 MT of soybeans to China with all but 63,000 MT to be shipped in the current marketing year. This brought total reported soybean sales to China since its delegation last visited Washington to 3.801 MMT. USDA also indicated exporters had reported sales of 182,000 MT of soybeans to unknown destinations, bringing that total reported this week to 456,000 MT. Today’s weekly export sales report covered the week ending 27 December 2018. It indicated net soybean sales totaled 1,051,500 MT for shipment in 2018/19 and 5,300 MT for shipment in 2019/20. The top buyers were China (808,000 MT), Spain (171,300 MT), the Netherlands (84,500 MT), Egypt...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.