U.S. Soy Export Sales Much Higher Than Expected Market analysts surveyed by Dow Jones this week expected today's USDA export sales report to show that last week U.S. exporters sold 550,000-750,000 MT of soybeans and 75,000-150,000 MT of soymeal. However, the report indicated U.S. exporters actually sold 1,608,800 MT of soybeans and 236,100 MT of soymeal. The soybean sales number was a marketing year high, and was almost 150 percent of the midpoint of the analysts' estimates. U.S. export sales may soon slow as the South American harvest ramps up, but clearly that has not occurred yet.The main buyers of the soybeans were China (845,600 MT), Egypt (130,500 MT), Netherlands (125,500 MT), Mexico (104,700 MT), Spain (81,600 MT), Japan (69,900...
Key Takeaways: Brazil confirmed a Newcastle disease outbreak at a commercial turkey farm in Santa Catarina on 18 October, raising concerns about potential disruptions to poultry exports despite the outbreak being confined to a single facility thus far. Mexico and Malaysia have imposed nationwi...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.