Soy Export Sales Highlights Today’s USDA/FAS export sales report once again indicated exporters made large sales of soybeans, soymeal and soyoil in the week ending 15 October. China not only purchased a lot of U.S. soybeans it also purchased U.S. soymeal and soyoil. Net sales of soybeans during the week totaled 2,225,500 MT. That was less than in previous weeks, but still a very large amount. The top sales were for China (1,222,000 MT), Egypt (194,400 MT), unknown destinations (185,100 MT), (Germany 111,300 MT), and Mexico (105,700 MT). Soybean exports last week totaled 2,516,500 MT. The top destinations were China (1,960,200 MT), Egypt (126,400 MT), Germany (111,300 MT), Mexico (59,700 MT), and Saudi Arabia (53,800 MT). U.S...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.