Large Soybean and Soymeal Sales Reported by USDA Today's USDA export sales reported indicated U.S. exporters recorded large sales of soybeans and soymeal in the week ending 29 March. Soybean export sales totaled 1,112,900 MT. Of that amount, 406,900 MT are for shipment in 2011/12 and 706,000 MT are for shipment in 2012/13. As usual, the main buyers are Chinese firms with new purchases of 257,200 MT for 2011/12 and 525,000 MT for 2012/13. Other large buyers were Indonesia (105,100 MT), Mexico (41,700 MT) and Egypt (31,700 MT).U.S. soymeal export sales last week totaled 174,000 MT. That was 34 percent higher than the average of the last month. The main buyers, all in the Western Hemisphere, were Mexico (85,100 MT), Venezuela (39,500 MT), C...
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
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.