Wheat: Net sales of 330,400 metric tons for 2018/2019 were down 25 percent from the previous week and 38 percent from the prior 4-week average. Corn: Net sales of 877,400 MT for 2018/2019 were down 2 percent from the previous week, but up 50 percent from the prior 4-week average. Soybeans: Net sales of 680,500 MT for 2018/2019 were up noticeably from the previous week and from the prior 4-week average. Soybean Cake and Meal: Net sales of 229,700 MT for 2018/2019 were reported for Mexico (53,100 MT), Colombia (35,300 MT, including 9,100 MT switched from unknown destinations), Ecuador (32,500 MT), Germany (32,100 MT, including 30,000 MT switched from unknown destinations)...
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.