Export Sales and Shipments for September 6-12, 2024 Wheat: Net sales of 246,300 metric tons (MT) for 2024/2025 were down 48 percent from the previous week and 46 percent from the prior 4-week average. Export shipments of 642,100 MT--a marketing-year high--were up 18 percent from the previous week and 15 percent from the prior 4-week average. The destinations were primarily to the Philippines (123,600 MT), Mexico (114,300 MT), Thailand (113,900 MT), Japan (61,600 MT), and Yemen (53,100 MT). Corn: Net sales of 847,400 MT for 2024/2025 primarily for Mexico (280,800 MT, including decreases of 3,800 MT), unknown destinations (183,400 MT), Japan (121,800 MT, including decreases of 200 MT), Spain (71,500 MT switched from unknow...
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
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.