Wheat: Net sales of 612,000 metric tons were reported for delivery in marketing year 2019/2020. Corn: Net sales of 294,900 MT for 2018/2019 were up noticeably from the previous week and up 7 percent from the prior 4-week average. Soybeans: Net sales of 168,200 MT for 2018/2019 were down 71 percent from the previous week and 61 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 28,700 MT for 2018/2019--a marketing-year low--were down 74 percent from the previous week and 78 percent from the prior 4-week average. Soybean Oil: Net sales of 19,200 MT for 2018/2019 were up noticeably from the previous week and up 28 percent from the prior 4...
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.