Mediocre Soy Export Sales Again Last Week Today’s USDA export sales report indicated last week was mediocre for U.S. soybeans, soymeal and soyoil. However, sales announced separately this week suggest the next report will be substantially better. Today’s report indicated last week’s net soybean export sales totaled 942,900 MT. That was 9 percent better than the previous week but 25 percent below the past four-week average. Over 76 percent of total sales were to China (717,700 MT) with other sizable purchases made by the Netherlands (85,100 MT), Vietnam (73,600 MY), Turkey (43,100 MT) and Japan (41,000 MT). Soybean exports totaled 2,203,100 MT, and 78 percent went to China (1,716.500 MT). Net soymeal export sales last we...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.