Soy Export Sales Better Last Week Exporters of U.S. soybeans and soymeal had better success making new sales in the week ending 4 January. Net sales of soybeans for export in 2017/18 totaled 607,400 MT, a 28 percent increase over the week before but 47 percent below the previous four-week average.. The top destinations were China (616,500 MT), Germany (219,200 MT), the Netherlands (85,200 MT), Spain (71,500 MT) and Iran (65,700 MT). Those sales were partially offset by reductions for unknown destinations of 493,400 MT. Sales for export in 2018/19 totaled 9,000 MT and were all for Japan. Soybean exports last week totaled 1,546,200 MT, mostly destined to China (876,700 MT). Last week’s net soymeal export sales for 2017/18 shipment tot...
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.