Big Weekly Decline in U.S. Soybean Export Sales After five months of record U.S. soybean export sales and shipments it was clear sales had to sharply decline at some point to assure the domestic market of an adequate supply. Today’s USDA export sales report confirmed that the week ending 18 February was the week the sharp decline is export sales occurred. Net soybean export sales last week for shipment in 2020/21 declined by 72 percent from the past four-week average to only 167,900 MT. Sales primarily for the Netherlands (139,100 MT), Japan (77,700 MT), Germany (75,200 MT), Bangladesh (58,200 MT), and Spain (57,500 MT) were largely offset by reductions in sales to unknown destinations of 300,800 MT. USDA also indicated export...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.