Wheat: Net sales of 650,600 metric tons for 2019/2020 were up noticeably from the previous week and up 32 percent from the prior 4-week average. Corn: Net sales of 784,800 metric tons for 2019/2020 were up noticeably from the previous week and up 4 percent from the prior 4-week average. Soybeans: Net sales of 711,500 MT for 2019/2020 were up noticeably from the previous week and up 3 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 375,200 MT for 2019/2020--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. Soybean Oil: Net sales of 36,200 MT for 2019/2020 resulting in increases primarily for South Korea (15,000 MT)...
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.