Export Sales and Shipments for August 18-24, 2023. Wheat: Net sales of 329,100 metric tons (MT) for 2023/2024 were down 19 percent from the previous week and 25 percent from the prior 4-week average. Export shipments of 353,900 MT were up 3 percent from the previous week, but down 1 percent from the prior 4-week average. The destinations were primarily to the Philippines (126,500 MT), Japan (85,200 MT), Mexico (53,300 MT), Jamaica (22,000 MT), and Morocco (19,900 MT). Corn: Net sales of 71,700 MT for 2022/2023 were down noticeably from the previous week and down 39 percent from the prior 4-week average. Export shipments of 663,400 MT were up 34 percent from the previous week and 30 percent from the...
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.