WHEAT As February draws to a close, wheat exports during the first quarter of the marketing year (December–February) are approaching 10 MMT, compared with a five-year average of 5 MMT. Argentina’s ample wheat supply continues to weigh on both global and domestic prices. The country remains one of the most competitive origins, enabling exporters to build a robust shipment program. Argentina has regained previously lost markets and reshaped its destination mix. Vietnam, Indonesia, and Bangladesh account for nearly 55 percent of exports so far. Brazil ranks fourth with approximately 1 MMT, slightly below the typical 1.5–2 MMT shipped during these three months in normal years. China has also emerged as a notable destination, t...
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.