Export Sales and Shipments for June 7-13, 2024. Wheat: Net sales of 589,700 metric tons (MT) for 2024/2025 Export shipments of 363,600 MT were primarily to South Korea (91,400 MT), Thailand (56,200 MT), Panama (52,400 MT), the Philippines (48,300 MT), and Vietnam (26,400 MT). Corn: Net sales of 511,400 MT for 2023/2024 were down 52 percent from the previous week and 48 percent from the prior 4-week average. Export shipments of 1,481,700 MT were up 19 percent from the previous week and 13 percent from the prior 4-week average. The destinations were primarily to Japan (526,100 MT), Mexico (346,200 MT), Spain (107,900 MT), Colombia (97,200 MT), and Saudi Arabia (59,700 MT). Soybeans: Net sales of 556,500 MT for...
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.