Exports for October 29 to November 4, 2021 Wheat: Net sales of 285,900 metric tons (MT) for 2021/2022 were down 29 percent from the previous week and from the prior 4-week average. Corn: Net sales of 1,067,300 MT for 2021/2022 were down 13 percent from the previous week and 4 percent from the prior 4-week average. Soybeans: Net sales of 1,289,400 MT for 2021/2022 were down 31 percent from the previous week and 25 percent the prior 4-week average. Soybean Cake and Meal: Net sales of 278,000 MT for 2021/2022were up 23 percent from the previous week and 12 percent from the prior4-week average. Soybean Oil: Net sales of 10,400 MT for 2021/2022 were down 7 percent from...
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.