Export Sales and Shipments for July 7-13, 2023 Wheat: Net sales of 170,700 metric tons (MT) for 2023/2024 primarily for Chile (78,200 MT, including 47,700 MT switched from unknown destinations), Japan (49,300 MT), Mexico (35,200 MT, including decreases of 7,500 MT), Brazil (33,000 MT switched from unknown destinations), and Algeria (20,000 MT), were offset by reductions for unknown destinations (66,000 MT), Peru (5,500 MT), and Colombia (900 MT). Export shipments of 236,200 MT were primarily to Chile (80,700 MT), Taiwan (36,600 MT), Brazil (33,000 MT), Mexico (31,200 MT), and Peru (22,000 MT). Corn: Net sales of 236,800 MT for 2022/2023 were down 49 percent from the previous week, but up 6 percent from the prior 4-week average...
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.