Soy Export Sales Better Last Week Exporters of U.S. soybeans and soymeal had better success making new sales in the week ending 4 January. Net sales of soybeans for export in 2017/18 totaled 607,400 MT, a 28 percent increase over the week before but 47 percent below the previous four-week average.. The top destinations were China (616,500 MT), Germany (219,200 MT), the Netherlands (85,200 MT), Spain (71,500 MT) and Iran (65,700 MT). Those sales were partially offset by reductions for unknown destinations of 493,400 MT. Sales for export in 2018/19 totaled 9,000 MT and were all for Japan. Soybean exports last week totaled 1,546,200 MT, mostly destined to China (876,700 MT). Last week’s net soymeal export sales for 2017/18 shipment tot...
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
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.