Export Sales and Shipments for September 1-7, 2023 Wheat: Net sales of 437,900 metric tons (MT) for 2023/2024 were up 18 percent from the previous week and 20 percent from the prior 4-week average. Export shipments of 411,300 MT were up 30 percent from the previous week and 32 percent from the prior 4-week average. The destinations were primarily to Japan (87,300 MT), Mexico (75,200 MT), Vietnam (65,300 MT), the Philippines (58,200 MT), and China (56,000 MT). Corn: Net sales of 753,300 MT for 2023/2024 primarily for China (173,900 MT, including 165,000 MT switched from unknown destinations and decreases of 900 MT), Colombia (147,400 MT, including 50,000 MT switched from unknown destinations and decreases of 33,900 MT), Mexico...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.