Export Sales and Shipments for May 24-30, 2024 Wheat: The 2023/2024 crop year for U.S. wheat is winding down: Net sales reductions of 229,000 metric tons (MT) for 2023/2024 primarily for Colombia (21,800 MT, including 19,000 MT switched from unknown destinations and decreases of 300 MT), Ecuador (11,000 MT switched from unknown destinations), Indonesia (1,700 MT), Costa Rica (800 MT), and Belize (700 MT, including decreases of 100 MT), were more than offset by reductions primarily for Mexico (72,200 MT), unknown destinations (64,600 MT), the Philippines (54,400 MT), South Korea (33,100 MT), and Taiwan (25,800 MT). Net sales of 616,900 MT for 2024/2025 primarily for unknown destinations (136,600 MT), Taiwan (123,900...
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.