U.S. Soy Export Sales Highlights Today’s USDA export sales report showed exporters had great success selling U.S. soybeans for export in the week ending 16 July. However, sales of soymeal and soyoil were not that good. Net soybean export sales last week totaled 365,200 MT for shipment in 2019/20 and 2,300,500 MT for export in 2020/21. The sales for 2019/20 shipment primarily were for China (209,900 MT), the Netherlands (127,700 MT), Egypt (40,700 MT), Peru (13,000 MT), and Japan (12,000 MT). Those sales and others were partially offset by reductions for unknown destinations (63,000 MT) and Mexico (18,500 MT). The sales for shipment in 2020/21 were mostly to China (1,486,000 MT), unknown destinations (669,000 MT), Spain (60,000 MT),...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.