Export Sales and Shipments for December 8-14, 2023. Wheat: Net sales of 322,700 metric tons (MT) for 2023/2024 were down 78 percent from the previous week and 51 percent from the prior 4-week average. Export shipments of 337,400 MT were up 17 percent from the previous week and 20 percent from the prior 4-week average. The destinations were primarily to Mexico (98,500 MT), Japan (53,700 MT), Algeria (45,100 MT), Taiwan (27,000 MT), and South Korea (20,900 MT). Corn: Net sales of 1,013,100 MT for 2023/2024 were down 29 percent from the previous week and 33 percent from the prior 4-week average. Export shipments of 870,900 MT were up 2 percent from the previous week and 14 percent from the prior 4-week average. The destinations w...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.