Export Sales and Shipments for December 15-21, 2023. Wheat: Net sales of 276,400 metric tons (MT) for 2023/2024 were down 14 percent from the previous week and 60 percent from the prior 4-week average. Export shipments of 342,000 MT were up 1 percent from the previous week and 17 percent from the prior 4-week average. The destinations were primarily to Japan (60,800 MT), Thailand (60,000 MT), South Korea (56,900 MT), Vietnam (41,700 MT), and Algeria (40,800 MT). Corn: Net sales of 1,242,100 MT for 2023/2024 were up 23 percent from the previous week, but down 12 percent from the prior 4-week average. Export shipments of 1,279,500 MT--a marketing-year high-- were up 47 percent from the previous week and 55 percent from the prior...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.