Soy Export Sales Below Expectations The expected sharp decline in U.S. soybean and soymeal export sales seems to have come. Today's USDA export sales report showed a net reduction of 109,200 MT in U.S. soybean exports last week. New sales were 83,700 MT to Germany, 62,500 MT to Mexico, 38,900 MT to Taiwan, 35,300 MT to Indonesia, 9,000 MT to Egypt and 12,500 MT to other destinations. The sales were more than offset by decrease of 230,600 MT to China, 146,500 MT to unknown and 9,000 MT to Israel. Net export sales for 2013/14 totaled 345,000 MT and were mainly to China (335,000 MT).Net soymeal export sales of soymeal last week totaled only 132,400 MT and mainly were to Vietnam (40,000 MT), Denmark (35,500 MT), Spain (27,400 MT), Poland (27...
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...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.