World Perspectives
feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for February 17-23, 2023   Wheat:  Net sales of 284,100 metric tons (MT) for 2022/2023 were down 16 percent from the previous week, but up 39 percent from the prior 4-week average. Export shipments of 610,000 MT were up 81 percent from the previous week and 30 percent from the prior 4-week average.  Corn:  Net sales of 598,100 MT for 2022/2023 were down 27 percent from the previous week and 48 percent from the prior 4-week average. Export shipments of 666,400 MT were down 3 percent from the previous week, but up 13 percent from the prior 4-week average.  Soybeans:  Net sales of 360,700 MT for 2022/2023--a marketing-year low--were down 14 percent from the previous week and 25 p...

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Summary of Futures

Mar 26 Corn closed at $4.365/bushel, down $0.0325 from yesterday's close.  Mar 26 Wheat closed at $5.095/bushel, down $0.1125 from yesterday's close.  Jan 26 Soybeans closed at $10.6275/bushel, down $0.09 from yesterday's close.  Jan 26 Soymeal closed at $302.4/short ton, down $1...

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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.

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