Export Sales and Shipments for June 23-29, 2023 Wheat: Net sales of 405,800 metric tons (MT) for 2023/2024 primarily for Mexico (111,400 MT, including decreases of 100 MT), the Philippines (108,400 MT, including decreases of 9,000 MT), Japan (71,800 MT), Brazil (57,200 MT), and South Korea (35,100 MT), were offset by reductions for unknown destinations (33,500 MT). Export shipments of 306,200 MT were primarily to South Korea (87,100 MT), Japan (71,500 MT), Brazil (57,200 MT), the Philippines (26,400 MT), and Nigeria (23,100 MT). Corn: Net sales of 251,700 MT for 2022/2023 were up 79 percent from the previous week and 62 percent from the prior 4-week average. Export shipments of 707,500 MT were up 17 percent from the previous w...
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...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.