Higher Soybean Inspections Last Week but Not Many for China Yesterday’s USDA export inspections report indicated 1,085,251 MT of soybeans were inspected in the week ending 10 January. That was up 59 percent from 682,029 MT the previous week but down from 1,244,979 MT in the same week of 2018. A total 18,393,415 MT have been inspected thus far in the current marketing year versus 30,853,731 MT a year ago. It is notable that only 68,053 MT of soybeans destined to China were inspected last week, all from the U.S. Gulf. China has apparently bought about 5 MMT from the U.S. since the beginning of December, but only 160,513 MT have been inspected. Assuming these purchases were for shipment prior to the end of the U.S.-China truce in March...
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.