Export Sales and Shipments for August 11-17, 2023 Wheat: Net sales of 406,000 metric tons (MT) for 2023/2024 were up 13 percent from the previous week and 3 percent from the prior 4-week average. Export shipments of 345,100 MT were up 50 percent from the previous week, but down 7 percent from the prior 4-week average. The destinations were primarily to Japan (100,200 MT, including 34,500 MT - late), Mexico (91,700 MT), South Korea (55,000 MT), Chile (27,300 MT), and Taiwan (22,200 MT). Corn: Net sales reductions of 22,700 MT for 2022/2023 were down noticeably from the previous week and from the prior 4-week average. Export shipments of 496,500 MT were up 12 percent from the previous week and 1 percent f...
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.