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: 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
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.