Export Sales and Summary for September 8-14, 2023 Wheat: Net sales of 307,700 metric tons (MT) for 2023/2024 were down 30 percent from the previous week and 20 percent from the prior 4-week average. Export shipments of 296,000 MT were down 28 percent from the previous week and 17 percent from the prior 4-week average. The destinations were primarily to Indonesia (108,300 MT), Mexico (86,700 MT), Vietnam (32,200 MT), Honduras (24,500 MT), and the Philippines (23,000 MT). Corn: Net sales of 566,900 MT for 2023/2024 primarily for Japan (197,300 MT, including 72,900 MT switched from unknown destinations), Mexico (131,700 MT, including decreases of 119,900 MT), China (71,200 MT, including 71,400 MT switched from unknown destination...
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
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.