Export Sales and Shipments for May 24-30, 2024 Wheat: The 2023/2024 crop year for U.S. wheat is winding down: Net sales reductions of 229,000 metric tons (MT) for 2023/2024 primarily for Colombia (21,800 MT, including 19,000 MT switched from unknown destinations and decreases of 300 MT), Ecuador (11,000 MT switched from unknown destinations), Indonesia (1,700 MT), Costa Rica (800 MT), and Belize (700 MT, including decreases of 100 MT), were more than offset by reductions primarily for Mexico (72,200 MT), unknown destinations (64,600 MT), the Philippines (54,400 MT), South Korea (33,100 MT), and Taiwan (25,800 MT). Net sales of 616,900 MT for 2024/2025 primarily for unknown destinations (136,600 MT), Taiwan (123,900...
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.