USDA forecasts that global sunflower oil imports will decline in 2020/21 but that may not be the outcome for a few reasons. One is the impact of the coronavirus lockdown, which has reduced the use of palm oil and soyoil by restaurants/HRI at the same time consumers prefer using higher quality oils at home. Second is the recent trend toward greater sunoil consumption, which has been expanding at nearly 5 percent per year since 2010. Ignoring coronavirus impacts, there is no clear reason why sunoil consumption should reverse when global sunflower production is concurrently forecasted to be rising by nearly 2 MMT this year. Sunflower oil has several functional benefits, including high smoke point, longer shelf life, neutral flavor and l...
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.