Export Sales and Shipments for February 23-29, 2024. Wheat: Net sales of 271,100 metric tons (MT) for 2023/2024 were down 17 percent from the previous week and 16 percent from the prior 4-week average. Export shipments of 368,300 MT were down 32 percent from the previous week and 10 percent from the prior 4-week average. The destinations were primarily to Mexico (103,100 MT), China (59,200 MT), South Korea (44,200 MT), the Dominican Republic (34,800 MT), and Japan (31,500 MT). Corn: Net sales of 1,109,600 MT for 2023/2024 were up 3 percent from the previous week, but unchanged from the prior 4-week average. Export shipments of 1,159,500 MT were down 5 percent from the previous week, but up 18 percent from the prior 4-week aver...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.