Export Sales and Shipments for September 22-28, 2023 Wheat: Net sales of 273,100 metric tons (MT) for 2023/2024 were down 50 percent from the previous week and 34 percent from the prior 4-week average. Export shipments of 388,000 MT were down 34 percent from the previous week and 4 percent from the prior 4-week average. The destinations were primarily to the Philippines (64,000 MT), Japan (45,300 MT), South Korea (44,200 MT), Taiwan (36,300 MT), and Canada (30,800 MT). Corn: Net sales of 1,816,000 MT for 2023/2024 primarily for Mexico (1,147,800 MT, including decreases of 228,500 MT), unknown destinations (147,100 MT), Colombia (141,100 MT, including 31,000 MT switched from unknown destinations and decreases...
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.