Wheat: Net sales of 868,600 metric tons for 2019/2020--a marketing-year high--were up 73 percent from the previous week and 95 percent from the prior 4-week average. Corn: Net sales of 1,709,400 metric tons for 2019/2020--a marketing-year high--were up 96 percent from the previous week and up noticeably from the prior 4-week average. Soybeans: Net sales of 1,430,600 MT for 2019/2020 were up 36 percent from the previous week and 18 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 83,500 MT for 2019/2020--a marketing-year low--were down 65 percent from the previous week and 53 percent from the prior 4-week average. Soybean Oil: Net sales of 28,000...
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.