Export Sales for June 10-16, 2022 Wheat: Net Export Sales of 477,800 metric tons (MT) for 2022/2023 primarily for Japan (163,900 MT), Mexico (163,900 MT, including decreases of 2,100 MT), South Korea (83,100 MT), Ecuador (30,000 MT), and the Philippines (28,800 MT), were offset by reductions primarily for Nigeria (23,800 MT) and El Salvador (18,800 MT). Export Shipments of 336,300 MT were primarily to the Philippines (132,700 MT), Thailand (56,900 MT), Mexico (41,300 MT), Guatemala (26,000 MT), and Jamaica (22,900 MT). Corn: Net sales of 671,900 MT for 2021/2022 were up noticeably from the previous week and from the prior 4-week average. Soybeans: Net sales of 29,300 MT for 2021/2022--a marketin...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
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.