U.S. Soy Export Sales Highlights Today’s USDA export sales report indicated exporters of U.S. soybeans had a good week selling U.S. soybeans for export in the next marketing year. U.S. soymeal exports sales and exports also were fairly positive. However, sales and exports of soyoil remained dismal. Net soybean export sales last week totaled only 11,400 MT for shipment in 2020/21 and 424,800 MT for shipment in 2021/22. The top sales for shipment in 2020/21 were Vietnam (37,200 MT), Indonesia (28,700 MT), Venezuela (10,000 MT), Colombia (7,000 MT), and Malaysia (6,700 MT). Those sales and others were mostly offset by reductions for unknown destinations (51,000 MT) and China (41,000 MT). The top sales for shipment in 2021/22 were for u...
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.