U.S. Soy Export Sales Highlights Today’s USDA/FAS export sales report for the week ending 16 September indicated exporters of U.S. soybeans and soymeal had reasonably good success selling soybeans and soymeal for export during the week. However, as expected export sales and exports of soyoil were minimal. Net sales of soybeans for export totaled 902,900 MT for shipment in 2021/22 and 10,000 MT for export in 2022/23. The top sales for 2021/22 were for China (624,200 MT), Mexico (85,300 MT), Egypt (58,000 MT), Japan (43,700 MT), and the Netherlands (30,800 MT). Those sales and others were partially offset by reductions of 132,000 MT for China and 800 MT to unknown destinations. The sale for shipment in 2022/23 were for unknown destina...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.