Export Sales and Shipments for January 17-23, 2025 Wheat: Net sales of 456,100 metric tons (MT) for 2024/2025 were up noticeably from the previous week and up 96 percent from the prior 4-week average. Export shipments of 588,900 MT were up noticeably from the previous week and up 97 percent from the prior 4-week average. The destinations were primarily to South Korea (163,200 MT), Japan (143,900 MT), Thailand (84,600 MT), Mexico (78,600 MT), and the Philippines (58,200 MT). Corn: Net sales of 1,358,500 MT for 2024/2025 were down 18 percent from the previous week, but up 39 percent from the prior 4-week average. Export shipments of 1,320,200 MT were down 13 percent from the previous week, but up 9 percent from the prior 4-week average. The d...
What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...
With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress. During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...
Food Inflation The Open Markets Institute, which is notably funded by several “anonymous” donors and liberal foundations, obtained a guest editorial in the New York Times in which they blame agribusiness concentration for higher grocery prices. This is their schtick and it is politi...
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.