Although U.S. corn exports to China saw a modest uptick in July at a total 59,078 MT with FOB port departure value of $9.65 million after consecutive months of no shipments, several factors have reduced market opportunities there for that origin. Oilseeds Soymeal Inventories Continue Downward Trend The nationwide estimated soymeal inventory as of 16 September totaled 552,100 MT, down 54,800 MT (-9.03 percent) from the week before and 655,100 MT lower (-54.3 percent) than the same week in 2015. Soymeal inventories declined across all surveyed regions except North China where they rose to 122,000 MT (9.22 percent) last week. By comparison, they declined in Guangdong and Guangxi to 29,100 MT (-32.79 percent) and 40,800 MT (-2.39 percent), r...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.