Export Sales and Shipments for April 21-27, 2023 Wheat: Net sales of 211,100 metric tons (MT) for 2022/2023 were up 36 percent from the previous week and 14 percent from the prior 4-week average. Export shipments of 288,900 MT were down 5 percent from the previous week, but up 17 percent from the prior 4-week average. The destinations were primarily to Egypt (55,000 MT), Japan (43,600 MT), the Dominican Republic (39,900 MT), Mexico (36,500 MT), and Italy (18,200 MT). Corn: Net sales reductions of 315,600 MT for 2022/2023--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average. Export shipments of 1,699,200 MT--a marketing-year high--were up 58 percent from the previous week and 54 p...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.