World Perspectives
soy-oilseeds biofuel

Oilseed Highlights: U.S. Soy Export Sales, Sinograin Reserve Sales; Canada’s Soy Sales; French Biodiesel Strike

U.S. Soy Export Sales Highlights Today’s release of the USDA weekly export sales report for the week ending 21 February indicated unexpectedly large sales of U.S. soybeans, particularly to China. Sales of soymeal and soyoil were at the low end of analysts’ estimates, but soymeal exports were higher than average. Net soybean export sales totaled 2,196,000 MT for the week. That was more than twice the highest estimate of analysts queried by Reuters. The largest amount was 1,815,700 MT sold to China. Other sizable sales were to the Netherlands (158,600 MT), Germany (138,000 MT), Egypt (112,800 MT) and Taiwan (84,600 MT). Sales for shipment in 2019/20 totaled only 200 MT to Japan. Soybean exports last week totaled 2,270,800 MT, ma...

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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.

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