Export Sales for June 10-16, 2022 Wheat: Net Export Sales of 477,800 metric tons (MT) for 2022/2023 primarily for Japan (163,900 MT), Mexico (163,900 MT, including decreases of 2,100 MT), South Korea (83,100 MT), Ecuador (30,000 MT), and the Philippines (28,800 MT), were offset by reductions primarily for Nigeria (23,800 MT) and El Salvador (18,800 MT). Export Shipments of 336,300 MT were primarily to the Philippines (132,700 MT), Thailand (56,900 MT), Mexico (41,300 MT), Guatemala (26,000 MT), and Jamaica (22,900 MT). Corn: Net sales of 671,900 MT for 2021/2022 were up noticeably from the previous week and from the prior 4-week average. Soybeans: Net sales of 29,300 MT for 2021/2022--a marketin...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.