Big Jump in U.S. Soymeal Export Sales Today's FAS Exports Sales report indicated U.S. exporters last week sold 258,700 MT of soymeal for shipment in 2011/12 and an additional 23,300 MT for delivery in the next marketing year. The combined sales of 282,000 MT of soymeal for export was far higher than market analysts' pre-report estimates of 50,000-150,000 MT and the 141,300 MT reported sold in the previous week. The largest buyers were Philippines (96,800 MT), Venezuela (62,700 MT), Egypt (32,000 MT), Canada (30,400 MT) Mexico (30,300 MT) and the Dominican Republic (20,600 MT). With three-and-a-half months left in the marketing year, U.S. soymeal exports and confirmed export sales for this marketing year now total 7.228 MMT, or 86.6 perce...
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.