Wheat: Net sales of 616,700 metric tons (MT) for 2020/2021 were down 19 percent from the previous week, but up 24 percent from the prior 4-week average. Corn: Net sales of 220,600 MT for 2019/2020 were down 76 percent from the previous week and 56 percent from the prior 4-week average. Soybeans: Net sales of 365,200 MT for 2019/2020 were up 17 percent from the previous week, but down 31 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 45,300 MT for 2019/2020--a marketing-year low--were down 74 percent from the previous week and 65 percent from the prior 4-week average. Soybean Oil: Net sales of 20,200 MT for 2019/2020 primarily for Morocco (15,800 MT switche...
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.