The driving force for soybean demand and prices in the last couple of years has been continued strong soymeal demand, particularly in Asia. The soybean supply deficit will not get addressed until the 2013 crops are harvested in South America. In the interim soymeal continues to be solid, except for some weakness in demand in Middle Eastern countries like Syria, where political unrest and economic problems are undermining consumption.What has not gotten as much attention in the current supply/demand environment is soyoil. Despite an extremely large palm oil price discount to soyoil, demand for soyoil continues to be strong. USDA is forecasting global soyoil demand in 2012/13 to be 1.75 MMT (4.2 percent) greater than in 2011/12 and 2.924 MM...
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...
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.