Soy Export Sales Highlights Today’s USDA export sales report showed those sales for the week ending 10 May were lower for soybeans and soyoil but much higher for soymeal versus the previous week. Net soybean export sales for 2017/18 shipment totaled 281,900 MT, 48 percent below the past four-week average. The largest buyers were the Netherlands (127,900 MT), Egypt (97,400 MT), Mexico (85,600 MT), Indonesia (69,000 MT) and Japan (45,000 MT). Reductions totaled 224,500 MT, mostly to unknown destinations. Sales for shipment in 2018/19 totaled 224,700 MT, mainly to Pakistan (66,000 MT), Mexico (62,000 MT) and unknown destinations (60,000 MT). An additional 27,000 MT were reported sold to Argentina for shipment that year, bringing the to...
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.