Macro Trends U.S. Ag Exports to China Fall to Ten-Year Low The USDA-GATS October export data, which covers monthly figures through August 2018, underscores the deep impact of the U.S.-China trade conflict. It shows that just 345,300.4 MT of U.S. agricultural products were shipped to the Middle Kingdom in August, the lowest figure for that month since 2006 when the total was 337,201.2 MT. On a monthly basis, it was the worst since a paltry 287,242 MT were shipped in September 2006. The difference between 2006 and now, however, is the average price (USD/MT). With soybean exports to China falling to their lowest level for the month of August in three years, higher value commodities (e.g., wine, almonds, pork and other food products) are maki...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.