Export Sales and Shipments for April 12-18, 2024 Wheat: Net sales of 82,000 metric tons (MT) for 2023/2024 were down noticeably from the previous week and down 4 percent from the prior 4-week average. Exports shipments of 573,900 MT were up 18 percent from the previous week and 13 percent from the prior 4-week average. The destinations were primarily to China (136,200 MT), the Philippines (131,200 MT), Japan (91,900 MT), Mexico (65,900 MT), and the Dominican Republic (33,700 MT). Corn: Net sales of 1,299,900 MT for 2023/2024 were up noticeably from the previous week and up 74 percent from the prior 4-week average. Export shipments of 1,709,200 MT--a marketing-year high--were up 11 percent from the previous week and...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.