Export Sales and Shipments for November 29-December 5, 2024.Wheat: Net sales of 290,200 metric tons (MT) for 2024/2025 were down 23 percent from the previous week and 31 percent from the prior 4-week average. Export shipments of 198,900 MT were down 38 percent from the previous week and 33 percent from the prior 4-week average. The destinations were primarily to Indonesia (65,600 MT), the Dominican Republic (29,400 MT), Mexico (28,900 MT), Italy (20,800 MT), and Taiwan (17,800 MT).Corn: Net sales of 946,900 MT for 2024/2025 were down 45 percent from the previous week and 32 percent from the prior 4-week average. Export shipments of 1,183,400 MT--a marketing-year high--were up 13 percent from the previous week and 28 percent from the prior 4...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.