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: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.