Export Sales and Shipments for May 17-23, 2024. Wheat: Net sales reductions of 60,900 metric tons (MT) for 2023/2024 were down noticeably from the previous week and from the prior 4-week average. Export shipments of 354,000 MT were up 80 percent from the previous week, but down 5 percent from the prior 4-week average. The destinations were primarily to the Philippines (96,800 MT), Taiwan (85,700 MT), Japan (64,900 MT), Mexico (54,800 MT), and Venezuela (18,300 MT). Corn: Net sales of 810,100 MT for 2023/2024 were down 11 percent from the previous week and 2 percent from the prior 4-week average. Export shipments of 1,044,400 MT were down 28 percent from the previous week and 17 percent from the prior 4-week a...
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
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.