U.S. Soy Export Sales Highlights U.S. export sales of soybeans and soymeal were up in the week ending 18 April, but soyoil sales and exports declined from the previous week. Net soybean export sales for 2018/19 shipment totaled 596,300 MT, mainly to unknown destinations (230,700 MT), China (212,100 MT) and Japan (52,200 MT). Those sales for 2019/20 totaled 22,700 MT, primarily to Mexico (16,000 MT). Soybean exports last week of 396,000 MT were 48 percent below the past four-week average with Mexico (160,000 MT) the top destination. Net soymeal export sales totaled 329,100 MT, 82 percent above the past four-week average. The top sales were to the Philippines (139,100 MT), Colombia (89,800 MT) and Italy (38,000 MT). Sales for 2019/20 shipm...
What You Need to Know Today: American and Mexican officials met Tuesday and will meet again Wednesday for another round of trade talks, where ag and energy will be a key topic. Another round is scheduled for 20 July. Ag groups are urging President Trump to renew USMCA for another 16 years, but...
Since the first U.S. case of New World Screwworm (NWS) was confirmed on 3 June, USDA has confirmed 12 cases. The latest was confirmed in a sheep on 12 June, with four additional cases confirmed in Texas on 11 June, three in cattle and one in a goat. The New Mexico case confirmed that the infect...
Key Takeaways: China has invested heavily in the Port of Chancay to strengthen trade links between South America and Asia. The port could reduce shipping times to China by up to two weeks and improve export competitiveness. Inland transportation infrastructure remains the primary obstacle to 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.