Export Sales and Shipments for December 20-26, 2024 Wheat: Net sales of 140,600 metric tons (MT) for 2024/2025--a marketing-year low--were down 77 percent from the previous week and 68 percent from the prior 4-week average. Export shipments of 381,900 MT were up 2 percent from the previous week and 17 percent from the prior 4-week average. The destinations were primarily to South Korea (85,900 MT), Mexico (76,800 MT), Thailand (66,900 MT), Italy (40,200 MT), and Taiwan (32,300 MT).Corn: Net sales of 777,000 MT for 2024/2025 were down 55 percent from the previous week and 44 percent from the prior 4-week average. Export shipments of 1,002,500 MT were down 11 percent from the previous week and 9 percent from the prior 4-week average. The...
USDA’s monthly cattle on feed report for 1 July will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 102.2 percent of last year. Those estimates imply an on-feed inventory of 11.327 million head. If accurate, that would be the...
Key Takeaways: The situation in the Arab Gulf is little changed this week, which is to say it is a day-by-day – and sometimes hour-by-hour – judgment call as to what is or will happen. There are some vessels transiting the Strait of Hormuz, but transits are a fraction of what they...
Grains posted strong gains today, putting the bulls firmly in the driver’s seat. There was no shortage of fuel for the move, with three W’s driving the rally: weather, war and worry. Weather: Cooler temperatures are temporarily easing stress across the Northern Plains and Midwest, b...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.