Export Sales and Shipments for September 15-21, 2023 Wheat: Net sales of 544,500 metric tons (MT) for 2023/2024 were up 77 percent from the previous week and 51 percent from the prior 4-week average. Export shipments of 584,600 MT--a marketing-year high--were up 98 percent from the previous week and 70 percent from the prior 4-week average. The destinations were primarily to China (129,000 MT), the Philippines (113,000 MT), Taiwan (55,300 MT, including 37,600 MT - late), Thailand (51,700 MT), and Mexico (47,600 MT). Corn: Net sales of 841,800 MT for 2023/2024 were primarily for Mexico (261,500 MT, including decreases of 800 MT), unknown destinations (138,600 MT), Colombia (124,600 MT, including 65,500 MT switched from unknown...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.