Soy Export Sales Highlights Today’s USDA/FAS export sales report indicated a sharp uptick in export sales of U.S. soybeans in the week ending 10 December. Soymeal export sales also were up from the previous week. Net soybean export sales last week for shipment in 2020/21 totaled 922.300 MT. The top sales were for China (919,700 MT), Mexico (225,300 MT), Indonesia (105,600 MT), Vietnam (103,200 MT), and Thailand (95,400 MT). Those sales and others were partially offset by a reduction for unknown destinations of 817,900 MT. Sales of soybeans for export in 2021/22 totaled 94,000 MT and were for China (66,000 MT) and Mexico (28,000 MT). Soybean exports last week totaled 2,589,400 MT. The destinations were primarily to China (1,702,100 M...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.