Export Sales and Shipments for October 18-24, 2024. Wheat: Net sales of 411,400 metric tons (MT) for 2024/2025 were down 23 percent from the previous week and 14 percent from the prior 4-week average. Export shipments of 244,400 MT--a marketing-year low--were down 12 percent from the previous week and 37 percent from the prior 4-week average. The destinations were primarily to the Philippines (49,500 MT), Ecuador (30,000 MT), Nigeria (29,700 MT), Mexico (27,700 MT), and Honduras (22,400 MT). Corn: Net sales of 2,341,700 MT for 2024/2025 were down 35 percent from the previous week, but up 7 percent from the prior 4-week average. Export shipments of 788,000 MT were down 21 percent from the previous week and 16 percent from the prior...
Argentina Export Tax Reform The Argentine government announced a new long-term schedule for reducing export taxes ("retenciones"), one of the main policy tools affecting agricultural profitability and farmer selling decisions. Export taxes are applied directly to export values and have historic...
What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...
With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress. During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...
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.