U.S. ethanol exports to China soared to 111,426,533 liters in January (+178 percent) at an average price of $.38 per liter ($482.69/MT). As there are only four state-owned entities in China that are licensed to produce ethanol, the nation’s high domestic corn prices have made U.S. ethanol quite attractive. Oilseeds Soymeal Inventories Surpass 1 MMT Threshold Ongoing sluggish demand from the feed sector coupled with an expected surge in soybean shipment arrivals pushed China’s national estimated soymeal inventory up to 1.03 MMT last week. Since the first week of March, it has grown 45 percent with a weekly average increase of 160,000 MT. Compared with the same week one year ago, last week’s current estimated total was 70,000 MT higher (+7...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.