Wheat: Net sales of 502,700 metric tons for 2019/2020 were up noticeably from the previous week and up 33 percent from the prior 4-week average. Corn: Net sales of 873,500 metric tons for 2019/2020 were up 60 percent from the previous week and 28 percent from the prior 4-week average. Soybeans: Net sales of 1,050,100 MT for 2019/2020 were up 54 percent from the previous week, but down 17 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 238,600 MT for 2019/2020 were up 32 percent from the previous week and 17 percent from the prior 4-week average. Soybean Oil: Net sales of 30,000 MT for 2019/2020, primarily for Morocco (20,000 MT), Venezuela (10,...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.