Wheat: Net sales of 80,600 metric tons for 2019/2020--a marketing-year low--were down 74 percent from the previous week and 87 percent from the prior 4-week average. Corn: Net sales of 161,900 metric tons for 2019/2020--a marketing-year low-were down 70 percent from the previous week and 83 percent from the prior 4-week average. Soybeans: Net sales of 355,500 MT for 2019/2020 were up 8 percent from the previous week, but down 59 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 74,200 MT for 2019/2020--a marketing-year low--were down 22 percent from the previous week and 47 percent from the prior 4-week average. Soybean Oil: Net sales...
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.