World Perspectives
feed-grains soy-oilseeds wheat

Export Sales

This summary is based on reports from exporters for the period September 29-October 5, 2023. Wheat:  Net sales of 652,000 metric tons (MT) for 2023/2024--a marketing-year high--were up noticeably from the previous week and up 67 percent from the prior 4-week average. Export shipments of 342,500 MT were down 12 percent from the previous week and 18 percent from the prior 4-week average. The destinations were primarily to Mexico (146,800 MT), South Korea (83,600 MT), Yemen (52,400 MT), Japan (33,600 MT), and Guatemala (10,600 MT). Corn:  Net sales of 910,400 MT for 2023/2024 were down 50 percent from the previous week and 9 percent from the prior 4-week average. Export shipments of 812,900 MT were up 33 percent from the previous w...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.2475/bushel, down $0.0075 from yesterday's close. Mar 25 Wheat closed at $5.5575/bushel, down $0.09 from yesterday's close. Jan 25 Soybeans closed at $9.8575/bushel, up $0.0225 from yesterday's close. Jan 25 Soymeal closed at $295.9/short ton, up $4.4 fro...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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