World Perspectives
feed-grains soy-oilseeds wheat

Export Sales

Export Sales for Dec 2-8, 2022   Wheat: Net sales of 469,000 metric tons (MT) for 2022/2023 primarily for unknown destinations (164,000 MT), South Korea (89,400 MT), Japan (64,200 MT, including decreases of 1,000 MT), Mexico (55,100 MT, including decreases of 300 MT), and Taiwan (42,800 MT), were offset by reductions primarily for China (65,000 MT).  Export Shipments of 255,900 MT were primarily to Japan (62,500 MT), Mexico (62,400 MT), South Korea (58,900 MT), Nigeria (33,000 MT), and Guatemala (24,000 MT).    Corn:  Net sales of 958,900 MT for 2022/2023 were primarily for Guatemala (196,400 MT, including 14,700 MT switched from El Salvador), Mexico (170,800 MT, including decreases of 30,800 MT), unknown des...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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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