Export Sales and Shipments for February 3-9, 2023 Wheat: Net sales of 209,800 metric tons (MT) for 2022/2023 were up 60 percent from the previous week, but down 32 percent from the prior 4-week average. Export shipments of 500,100 MT were down 7 percent from the previous week, but up 25 percent from the prior 4-week average. Corn: Net sales of 1,024,500 MT for 2022/2023 were down 12 percent from the previous week and 15 percent from the prior 4-week average. Export shipments of 670,500 MT were up 70 percent from the previous week and 2 percent from the prior 4-week average. Soybeans: Net sales of 512,800 MT for 2022/2023 were up 37 percent from the previous week, but down 35 percent from the prio...
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.