U.S. Soy Export Sales Highlights Last week was another good one for exporters of U.S. soybeans and soybean products. If the pace of sales and exports continue it could be a record export year for the U.S. soybean sector. Net export sales of soybeans in the week ending 29 October totaled 1,530,500 MT. That did not include the 137,500 MT of soybeans sold to China in the previous week that was reported late. The top sales last week were for China (810,700 MT), Egypt (283,800 MT), Mexico (92,700 MT), the Netherlands (85,800 MT), Canada (71,400 MT), Italy (30,000 MT), and Brazil (30,000 MT). Soybean exports last week totaled 2,528,200 MT. The top destinations were China (1,938,700 MT), Bangladesh (106,000 MT), Mexico (87,200 MT), the Netherlan...
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.