Mediocre Soy Export Sales Again Last Week Today’s USDA export sales report indicated last week was mediocre for U.S. soybeans, soymeal and soyoil. However, sales announced separately this week suggest the next report will be substantially better. Today’s report indicated last week’s net soybean export sales totaled 942,900 MT. That was 9 percent better than the previous week but 25 percent below the past four-week average. Over 76 percent of total sales were to China (717,700 MT) with other sizable purchases made by the Netherlands (85,100 MT), Vietnam (73,600 MY), Turkey (43,100 MT) and Japan (41,000 MT). Soybean exports totaled 2,203,100 MT, and 78 percent went to China (1,716.500 MT). Net soymeal export sales last we...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.