Export Sales and Shipments for August 30-September 5, 2024 Wheat: Net sales of 474,900 metric tons (MT) for 2024/2025 were up 40 percent from the previous week and 11 percent from the prior 4-week average. Export shipments of 542,200 MT were down 15 percent from the previous week and 1 percent from the prior 4-week average. The destinations were primarily to the Philippines (103,900 MT), Mexico (98,600 MT), Taiwan (89,100 MT), Indonesia (78,600 MT), and South Korea (72,200 MT). Corn: Net sales of 666,500 MT for the 2024/2025 marketing year, which began September 1, were primarily for Mexico (180,300 MT, including 31,000 MT switched from unknown destinations and decreases of 26,300 MT), unknown destinations (167,900...
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.