Export Sales Commitments and Shipments for Dec 16-22, 2022 Wheat: Net sales of 478,100 metric tons (MT) for 2022/2023 were primarily for Japan (139,000 MT), Mexico (101,900 MT, including 30,000 MT switched from unknown destinations and decreases of 11,600 MT), unknown destinations (87,000 MT), Taiwan (56,000 MT), and Nigeria (24,000 MT). Total net sales of 33,000 MT for 2023/2024 were for Mexico. Export shipments of 337,100 MT were primarily to Mexico (92,800 MT), Thailand (54,100 MT), Iraq (52,500 MT), Italy (40,800 MT), and Japan (35,500 MT). Corn: Net sales of 781,600 MT for 2022/2023 primarily for Mexico (463,600 MT, including decreases of 37,200 MT), unknown destinations (102,600 MT), Colombia (68,500 MT...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.