Wheat: Net sales of 48,400 metric tons for delivery in the 2018/2019--a marketing-year low--were down 58 percent from the previous week and 74 percent from the prior 4-week average. Corn: Net sales of 442,100 MT for 2018/2019 were down 20 percent from the previous week and from the prior 4-week average. Soybeans: Net sales of 535,800 MT for 2018/2019 were up 45 percent from the previous week and up noticeably from the prior 4-week average. Soybean Cake and Meal: Net sales of 188,000 MT for 2018/2019 were down 4 percent from the previous week, but unchanged from the prior 4-week average Soybean Oil: Net sales of 9,100 MT for 2018/2019 were down 16 perce...
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.