Soy Export Sales Highlights Last week’s U.S. exports sales were not good for the soy complex. Net soybean export sales for 2017/18 totaled only 616,300 MT, down 50 percent from the week prior and 24 percent below the past four-week average. The top buyers were China (142,500 MT that included 63,000 MT switched from unknown), Egypt (110,000 MT), Thailand (106,900 MT), Mexico (86,500 MT) and Indonesia (82,500 MT). Sales for shipment in 2018/19 totaled 143,100 MT, mostly to unknown destinations. Soybean exports last week totaled 1,243,700 MT, a 3 percent decline from the past four-week average. They were destined primarily to China (517,600 MT), Thailand (172,800 MT), Pakistan (138,300 MT), Indonesia (72,100 MT) and Spain (71,500 MT)...
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.