Export Sales and Shipments for November 15-21, 2024. Wheat: Net sales of 366,800 metric tons (MT) for 2024/2025 were down 33 percent from the previous week and 15 percent from the prior 4-week average. Export shipments of 433,800 MT were up noticeably from the previous week and up 89 percent from the prior 4-week average. The destinations were primarily to Japan (138,600 MT), Mexico (59,900 MT), the Philippines (57,500 MT), Taiwan (55,000 MT), and Egypt (38,100 MT).Corn: Net sales of 1,062,900 MT for 2024/2025 were down 29 percent from the previous week and 46 percent from the prior 4-week average. Export shipments of 1,010,700 MT were up 6 percent from the previous week and 20 percent from the prior 4-week average. The destinations w...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...
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.