Export Sales and Shipments for November 22-28, 2024. Wheat: Net sales of 378,200 metric tons (MT) for 2024/2025 were up 3 percent from the previous week, but down 10 percent from the prior 4-week average. Export shipments of 322,400 MT were down 26 percent from the previous week, but up 17 percent from the prior 4-week average. The destinations were primarily to Mexico (87,100 MT), the Philippines (86,600 MT), South Korea (42,300 MT), Venezuela (34,100 MT), and Algeria (28,500 MT).Corn: Net sales of 1,732,400 MT for 2024/2025 were up 63 percent from the previous week and 4 percent from the prior 4-week average. Export shipments of 1,045,400 MT were up 3 percent from the previous week and 17 percent from the prior 4-week average. The d...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.