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Oilseed Highlights

Soybean Export Sales Higher Than Expectations Today's USDA export sales report showed U.S. exporters sold more soybeans and soymeal in the week ending 19 July than trade sources expected. Soybean sales totaled 710,500 MT of soybeans, with 193,200 MT to be shipped in the current marketing year and 517,300 MT scheduled to be exported in the 2012/13 marketing year. Soymeal export sales totaled 257,000 MT, with 150,500 MT to be exported in 2011/12 and 106,500 MT to be exported in 2012/13.The major destinations for soybeans were China (311,100 MT), unknown (182,000 MT), the United Kingdom (112,000 MT) and Egypt (60,000 MT). The main destinations for soymeal sales were Mexico (47,600 MT), unknown (45,000 MT), Philippines (40,000 MT) and Latvia...

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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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