Export Sales and Shipments for January 27 – February 2, 2023 Wheat: Net sales of 131,400 metric tons (MT) for 2022/2023 were down 4 percent from the previous week and 56 percent from the prior 4-week average. Export shipments of 538,100 MT were up 9 percent from the previous week and 70 percent from the prior 4-week average. Corn: Net sales of 1,160,300 MT for 2022/2023 were down 27 percent from the previous week, but up 19 percent from the prior 4-week average. Exports shipments of 394,900 MT were down 34 percent from the previous week and 40 percent from the prior 4-week average. Soybeans: Net sales of 459,400 MT for 2022/2023 were down 38 percent from the previous week and 49 percent fro...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
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.