Export Sales and Shipments for August 4-10, 2023 Wheat: Net sales of 359,500 metric tons (MT) for 2023/2024 were down 37 percent from the previous week, but up 3 percent from the prior 4-week average. Export shipments of 229,400 MT were down 35 percent from the previous week and 38 percent from the prior 4-week average. The destinations were primarily to Vietnam (41,200 MT), South Korea (31,400 MT), Ecuador (31,100 MT), Mexico (27,800 MT), and Panama (24,800 MT). Corn: Net sales of 233,500 MT for 2022/2023 were up 55 percent from the previous week and 16 percent from the prior 4-week average. Export shipments of 444,800 MT were down 7 percent from the previous week and 6 percent from the prior 4-week average. The destinations...
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.