Wheat: Net sales of 338,600 metric tons for 2019/2020 were down 48 percent from the previous week and 35 percent from the prior 4-week average. Corn: Net sales of 1,247,800 MT for 2019/2020 were up 1 percent from the previous week and 57 percent from the prior 4-week average. Soybeans: Net sales of 703,800 MT for 2019/2020 were up 76 percent from the previous week and 29 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 212,700 MT for 2019/2020 were down 52 percent from the previous week and 44 percent from the prior 4-week average. Soybean Oil: Net sales of 52,900 MT for 2019/2020 were primarily for...
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.