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soy-oilseeds

Oilseed Highlights: China Soybean Purchases; Renewable Diesel; NOPA Crush; India Soy

China Continues to Buy U.S. Soybeans Because of the Columbus Day holiday on Monday USDA will not issue its weekly export sales report until tomorrow. However, it is clear Chinese importers have continued to purchase and import U.S. soybeans. Yesterday and today USDA indicated exporters had reported the sale of a total of 525,000 MT of U.S. soybeans for export to China. Most likely additional export sales will be reported in tomorrow’s export sales report.  As it stands now, it appears China has purchased at least 23,402,000 MT of U.S. soybeans for export in 2020/21. Total soybean export sales to all markets now total at least 42,742,504 MT. Those numbers will certainly increase substantially in tomorrow’s report. USDA&rs...

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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.

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