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: 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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.