Export Sales and Shipments for April 7-13, 2023 Wheat: Net sales of 259,000 metric tons (MT) for 2022/2023 were up 91 percent from the previous week and 93 percent from the prior 4-week average. Export shipments of 202,800 MT were down 28 percent from the previous week and 29 percent from the prior 4-week average. Corn: Net sales of 312,400 MT for 2022/2023 were down 41 percent from the previous week and 79 percent from the prior 4-week average. Export shipments of 1,298,500 MT were up 42 percent from the previous week and 27 percent from the prior 4-week average. Soybeans: Net sales of 100,100 MT for 2022/2023 were down 73 percent from the previous week and 58 percent from the prior 4-week avera...
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.