Soybean Export Sales Decline, Good Soymeal and Soyoil Export Sales Today's USDA export sales report indicated U.S. net soybean export sales declined by 119,500 MT as a result of decreases for unknown destinations of 521,700 MT. However, the report showed U.S. exporters last week reported sales of 152,300 MT of soybeans to Germany, 64,200 MT to Japan, 30,000 MT to the Netherlands, 25,200 MT to Mexico, 6,800 MT to Indonesia and lesser amounts to Taiwan, Vietnam and other destinations. Soybean exports last week totaled 956,100 MT, with the main destinations being China (535,600 MT), Germany (152,300 MT), Mexico (74,900 MT), Japan (62,500 MT) and Bangladesh (54,500 MT).Not included in today's export sales report were the 134,500 MT of addi...
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.