Large Soy Export Sales Last Week Today’s USDA export sales report showed last week was again brisk for U.S. soybeans and products. Importantly, it did not include any cancellations of soybean sales to China, although it did indicate large sales to unknown destinations. 1,510,500 MT of soybeans were sold for shipment in 2017/18 during the week ending 5 April, mainly to unknown destinations (665,800 MT), China (254,700 MT), Egypt (132,500 MT), Mexico (131,300 MT) and Taiwan (96,500 MT). Sales for shipment in 2018/19 totaled 954,000 MT, primarily to unknown destinations (572,000 MT), China (258,000 MT) and Mexico (123,000 MT). Soybean exports last week totaled only 419,700 MT, a marketing year low, and were destined mainly to China (76...
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.