Export Sales and Shipments for October 27 to November 2, 2023 Wheat: Net sales of 354,300 metric tons (MT) for 2023/2024 were up 29 percent from the previous week, but down 26 percent from the prior 4-week average. Export shipments of 134,300 MT were up 34 percent from the previous week, but down 44 percent from the prior 4-week average. The destinations were primarily to Chile (42,900 MT), Mexico (39,200 MT), Taiwan (32,700 MT), Trinidad and Tobago (9,100 MT), and Colombia (6,900 MT). Corn: Net sales of 1,015,300 MT for 2023/2024 were up 36 percent from the previous week and 4 percent from the prior 4-week average. Export shipments of 824,900 MT--a marketing-year high--were up 63 percent from the previous...
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.