Export Sales and Shipments for June 9-15, 2023 Wheat: Net sales of 109,700 metric tons (MT) for 2023/2024, were offset by reductions for the Philippines (20,700 MT), unknown destinations (13,000 MT), and Honduras (8,300 MT). Export shipments of 155,900 MT were primarily to Ecuador (33,000 MT), South Korea (28,900 MT), Panama (26,300 MT), Mexico (21,100 MT), and Taiwan (19,300 MT). Corn: Net sales of 36,000 MT for 2022/2023 were down 87 percent from the previous week and 74 percent from the prior 4-week average. Export shipments of 668,300 MT were down 44 percent from the previous week and 50 percent from the prior 4-week average. The destinations were primarily to Mexico (283,500 MT), China (179,100 MT), Japan (150,900 M...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.