Export Sales and Shipments for July 19-25, 2024 Wheat: Net sales of 286,600 metric tons (MT) for 2024/2025 were down 7 percent from the previous week and 41 percent from the prior 4-week average. Export shipments of 454,200 MT were up 67 percent from the previous week and 21 percent from the prior 4-week average. The destinations were primarily to the Philippines (123,600 MT), South Korea (102,000 MT), Mexico (90,000 MT), Chile (55,900 MT), and Honduras (23,400 MT). Corn: Net sales of 167,900 MT for 2023/2024--a marketing-year low--were down 49 percent from the previous week and 60 percent from the prior 4-week average. Export shipments of 1,035,100 MT were down 14 percent from the previous week, but up 1 percent from the prio...
What You Need to Know Today: U.S. Treasury Secretary Bessent said Friday that the U.S. has seized $1b of Iranian crypto assets. Iran’s IGGC says 15 merchant vessels, including 4 oil tankers, have passed through the Strait of Hormuz in the past 24 hours. Managed money traders...
Developer's Note: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where obs...
Key Takeaways: Acidity: Brazil’s agricultural production rose significantly after agricultural researchers were able to reduce soil acidity in the Cerrado region. Rotation: Farmers in the Center-West of Brazil, where the Cerrado is located, enjoy a soybean/corn double cropping advantage...
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.