Soy Export Sales Highlights Today’s USDA export sales report indicated U.S. exporters of soybeans, soymeal and soyoil had good success in making export sales in the week ending 30 July. The larger sales likely portend large sales of the commodities in coming weeks. Net soybean export sales last week totaled 345,200 MT for 2019/20 shipment and 1,405,000 MT for shipment in 2020/21. The top sales for shipment in 2019/20 were for Germany (183,000 MT), Indonesia (67,500 MT), China (548,700 MT), Bangladesh (54,700 MT), and Egypt (53,400 MT). The top sales for shipment in 2020/21 were for China (474,000 MT), Mexico (351,900 MT), unknown destinations 212,500 MT), Egypt (107,000 MT), and Pakistan (70,000 MT). Soybean exports last week totale...
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
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.