Export Sales and Shipments for August 11-17, 2023 Wheat: Net sales of 406,000 metric tons (MT) for 2023/2024 were up 13 percent from the previous week and 3 percent from the prior 4-week average. Export shipments of 345,100 MT were up 50 percent from the previous week, but down 7 percent from the prior 4-week average. The destinations were primarily to Japan (100,200 MT, including 34,500 MT - late), Mexico (91,700 MT), South Korea (55,000 MT), Chile (27,300 MT), and Taiwan (22,200 MT). Corn: Net sales reductions of 22,700 MT for 2022/2023 were down noticeably from the previous week and from the prior 4-week average. Export shipments of 496,500 MT were up 12 percent from the previous week and 1 percent f...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
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.