Export Sales and Shipments for March 29 to April 4, 2024 Wheat: Net sales of 80,700 metric tons (MT) for 2023/2024 were up noticeably from the previous week, but down 2 percent from the prior 4-week average. Export shipments of 626,800 MT--a marketing-year high--were up 21 percent from the previous week and 41 percent from the prior 4-week average. The destinations were primarily to the Philippines (117,200 MT), Mexico (78,300 MT), Taiwan (77,500 MT, including 32,900 MT - late), Japan (56,900 MT), and China (55,600 MT). Corn: Net sales of 325,500 MT for 2023/2024--a marketing-year low--were down 66 percent from the previous week and 72 percent from the prior 4-week average. Export shipments of 1,556,800 MT were down 5 percent...
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
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.