Big New Crop Soybean Sales Last Week Today's USDA export sales report showed U.S. exporters made exceptionally large new crop soybean sales last week. The net total sold for shipment after 31 August was 1.8934 MMT with the main buyers being China (1.333 MMT), unknown (417,000 MT), Japan (60,300 MT), Turkey (25,000 MT) and Indonesia (23,300 MT). That does not include the 963,000 MT that USDA announced earlier in the week were sold to China for shipment in 2013/14. Total U.S. soybean exports to date for MY 2013/14 stand at 18.874 MMT which is half of what USDA forecasts will be exported for the entire current marketing year. Total new crop export sales to China now stand at 14.029 MMT. New crop sales to all destinations totaled 16.042 MM...
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 €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
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.