Soybean Export Sales Decline, Good Soymeal and Soyoil Export Sales Today's USDA export sales report indicated U.S. net soybean export sales declined by 119,500 MT as a result of decreases for unknown destinations of 521,700 MT. However, the report showed U.S. exporters last week reported sales of 152,300 MT of soybeans to Germany, 64,200 MT to Japan, 30,000 MT to the Netherlands, 25,200 MT to Mexico, 6,800 MT to Indonesia and lesser amounts to Taiwan, Vietnam and other destinations. Soybean exports last week totaled 956,100 MT, with the main destinations being China (535,600 MT), Germany (152,300 MT), Mexico (74,900 MT), Japan (62,500 MT) and Bangladesh (54,500 MT).Not included in today's export sales report were the 134,500 MT of addi...
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
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.