Export Sales and Shipments for the period October 13-19, 2023. Wheat: Net sales of 363,700 metric tons (MT) for 2023/2024 were down 43 percent from the previous week and 31 percent from the prior 4-week average. Export shipments of 131,600 MT--a marketing-year low--were down 66 percent from the previous week and 69 percent from the prior 4-week average. The destinations were primarily to Taiwan (54,700 MT), Mexico (30,700 MT), the Dominican Republic (26,700 MT), Honduras (14,500 MT), and Vietnam (2,100 MT). Corn: Net sales of 1,351,100 MT for 2023/2024 were up 53 percent from the previous week and 22 percent from the prior 4-week average. Export shipments of 483,700 MT--a marketing-year low--were down 6 perce...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.