Export Sales Commitments and Shipments for Dec 16-22, 2022 Wheat: Net sales of 478,100 metric tons (MT) for 2022/2023 were primarily for Japan (139,000 MT), Mexico (101,900 MT, including 30,000 MT switched from unknown destinations and decreases of 11,600 MT), unknown destinations (87,000 MT), Taiwan (56,000 MT), and Nigeria (24,000 MT). Total net sales of 33,000 MT for 2023/2024 were for Mexico. Export shipments of 337,100 MT were primarily to Mexico (92,800 MT), Thailand (54,100 MT), Iraq (52,500 MT), Italy (40,800 MT), and Japan (35,500 MT). Corn: Net sales of 781,600 MT for 2022/2023 primarily for Mexico (463,600 MT, including decreases of 37,200 MT), unknown destinations (102,600 MT), Colombia (68,500 MT...
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.