Export Sales and Shipments for August 25-31, 2023 Wheat: Net sales of 370,300 metric tons (MT) for 2023/2024 were up 13 percent from the previous week, but down 11 percent from the prior 4-week average. Export shipments of 316,600 MT were down 11 percent from the previous week and 1 percent from the prior 4-week average. The destinations were primarily to Indonesia (74,000 MT), Thailand (58,000 MT), Mexico (52,700 MT), Taiwan (52,400 MT), and Peru (33,000 MT). Corn: Net sales of 949,700 MT for 2023/2024 marketing year which began September 1. Export shipments for the period ending August 31- September 1 of 515,000 MT brought accumulated exports to 39,469,100 MT, down 34 percent from the prior year&rsquo...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.