Export Sales and Shipments for November 10-16, 2023 Wheat: Net sales of 171,800 metric tons (MT) for 2023/2024 were down 3 percent from the previous week and 41 percent from the prior 4-week average. Export shipments of 298,600 MT were down 4 percent from the previous week, but up 77 percent from the prior 4-week average. The destinations were primarily to the Philippines (95,500 MT), Taiwan (73,100 MT), Yemen (52,500 MT), South Korea (42,200 MT), and Mexico (35,200 MT). Corn: Net sales of 1,432,400 MT for 2023/2024 were down 21 percent from the previous week, but up 16 percent from the prior 4-week average.Export shipments of 623,800 MT were down 9 percent from the previous week, but unchanged from the prior 4-wee...
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.