Export Sales and Shipments for January 26 to February 1, 2024 Wheat: Net sales of 378,400 metric tons (MT) for 2023/2024 were up 17 percent from the previous week, but down 6 percent from the prior 4-week average. Export shipments of 314,700 MT were up 18 percent from the previous week, but down 11 percent from the prior 4-week average. The destinations were primarily to Indonesia (53,000 MT), Canada (42,500 MT), Nigeria (39,600 MT), Venezuela (33,000 MT), and the Philippines (33,000 MT). Corn: Net sales of 1,219,300 MT for 2023/2024 were up 1 percent from the previous week and 25 percent from the prior 4-week average. Export shipments of 782,800 MT were down 14 percent from the previous week and 19 percent from the prior 4-we...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.