Export Sales for June 24-30, 2022. Wheat: Net sales of 286,400 metric tons (MT) for 2022/2023 primarily for Taiwan (42,800 MT), Japan (39,500 MT), South Korea (36,100 MT), the Philippines (34,000 MT), and Mexico (32,400 MT, including decreases of 4,700 MT), were offset by reductions primarily for Italy (10,000 MT) and Canada (3,200 MT). Exports of 287,100 MT were primarily to Egypt (66,000 MT), Taiwan (62,800 MT), Mexico (58,200 MT), Colombia (38,200 MT), and Japan (31,800 MT). Corn: Net sales reductions of 66,600 MT for 2021/2022--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average. Soybeans: Net sales reductions of 160,000 MT for 2021/2022--a marketing-year l...
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.