It is particularly interesting that the U.S. has not seen a drop-off in soymeal exports to the EU in 2013/14. U.S. Soymeal Export Sales and Shipments Very Impressive Before the current marketing year began, there was a general view that U.S. soymeal exports would drop sharply in 2013/14 because of larger supplies in South America. The U.S. exported about 10 MMT of soymeal in 2012/13, and many believed the reason was the poor soybean crops in southern Brazil, Paraguay and Argentina in 2012. However, the U.S. has not seen a decline in soymeal exports even with record soybean crops in South America in 2013.Today's USDA export sales report indicated U.S. exporters last week reported net export sales of soymeal for 2013/14 of 307,800 MT as wel...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.