Export Sales and Shipments for July 14-20, 2023 Wheat: Net sales of 233,200 metric tons (MT) for 2023/2024 were up 37 percent from the previous week, but down 17 percent from the prior 4-week average. Export shipments of 395,100 MT were up 67 percent from the previous week and 46 percent from the prior 4-week average. The destinations were primarily to the Philippines (154,400 MT, including 29,700 - late), South Korea (78,000 MT), Mexico (50,200 MT), Honduras (30,000 MT), and Nigeria (28,100 MT). Corn: Net sales of 314,200 MT for 2022/2023 were up 33 percent from the previous week and 15 percent from the prior 4-week average. Export shipments of 411,400 MT were up 7 percent from the previous week, but down 25 percent from the...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.