In an otherwise dull market, today’s USDA/FAS export sales report was a pleasant surprise. For the week ending 14 December, the totals for wheat, corn and soybeans were unexpectedly large. Wheat sales of 29.3 million bushels were the largest of any week in the wheat crop year so far. Corn sales totaling 61.3 million bushels were the largest in weeks, and soybean sales were 64 million bushels. Reported export shipments were also larger than the prior week and substantially so in the case of wheat and corn. The sales volumes were significant enough that the gap between this year’s total export commitments and those for the same week a year ago narrowed slightly. In fact, wheat exports are now running a little ahead of what is need...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.