U.S. Soy Export Sales Much Higher Than Expected Market analysts surveyed by Dow Jones this week expected today's USDA export sales report to show that last week U.S. exporters sold 550,000-750,000 MT of soybeans and 75,000-150,000 MT of soymeal. However, the report indicated U.S. exporters actually sold 1,608,800 MT of soybeans and 236,100 MT of soymeal. The soybean sales number was a marketing year high, and was almost 150 percent of the midpoint of the analysts' estimates. U.S. export sales may soon slow as the South American harvest ramps up, but clearly that has not occurred yet.The main buyers of the soybeans were China (845,600 MT), Egypt (130,500 MT), Netherlands (125,500 MT), Mexico (104,700 MT), Spain (81,600 MT), Japan (69,900...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.