Export Sales and Shipments for June 30-July 6, 2023. Wheat: Net sales of 395,700 metric tons (MT) for 2023/2024 primarily for Mexico, Indonesia, Japan, Taiwan, and Thailand. Export shipments of 384,900 MT were primarily to the Philippines (93,800 MT), Ecuador (67,400 MT), Chile (35,200 MT), Indonesia (35,000 MT), and the Dominican Republic (34,000 MT). Corn: Net sales of 468,400 MT for 2022/2023 were up 86 percent from the previous week and up noticeably from the prior 4-week average. Export shipments of 492,700 MT were down 30 percent from the previous week and 38 percent from the prior 4-week average. Soybeans: Net sales of 80,600 MT for 2022/2023 were down 57 percent from the previous week and 76 percent from t...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.