Export Sales for February 11-17, 2022 Wheat: Net sales of 516,900 metric tons (MT) for2021/2022 were up noticeably from the previous week and from the prior 4-week average. Corn: Net sales of 1,040,900 MT for 2021/2022 were up 27 percent from the previous week and 4 percent from the prior 4-week average. Soybeans: Net sales of 1,232,500 MT for 2021/2022 were down 6 percent from the previous week and 1 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 231,900 MT for 2021/2022 were down 17 percent from the previous week and 36 percent from the prior 4-week average. Soybean Oil: Net sales of 35,500 MT for 2021/2022 were unchanged from t...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.