U.S. Soy Export Sales Today’s U.S. export sales report for the week ending 4 April indicated a substantial drop for soybeans from the previous week. Net soybean export sales for 2018/19 shipment totaled only 270,400 MT, down 86 percent from the previous week and 76 percent below the past four-week average. The top sales were to Indonesia (73,700 MT), Mexico (71,000 MT), the Netherlands (66,300 MT), Egypt (54,700 MT) and Japan (48,700 MT). Those and other sales were partially offset by reductions for unknown destinations of 99,300 MT. Sales for shipment in 2019/20 totaled 10,000 MT with Malaysia (5,000 MT) and Japan (3,900 MT) the largest buyers. Soybean exports last week totaled 889,800 MT, 1 percent above the past four-week average...
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.