Export Sales and Shipments for August 11-17, 2023 Wheat: Net sales of 406,000 metric tons (MT) for 2023/2024 were up 13 percent from the previous week and 3 percent from the prior 4-week average. Export shipments of 345,100 MT were up 50 percent from the previous week, but down 7 percent from the prior 4-week average. The destinations were primarily to Japan (100,200 MT, including 34,500 MT - late), Mexico (91,700 MT), South Korea (55,000 MT), Chile (27,300 MT), and Taiwan (22,200 MT). Corn: Net sales reductions of 22,700 MT for 2022/2023 were down noticeably from the previous week and from the prior 4-week average. Export shipments of 496,500 MT were up 12 percent from the previous week and 1 percent f...
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
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.