Export Sales and Shipments for August 18-24, 2023. Wheat: Net sales of 329,100 metric tons (MT) for 2023/2024 were down 19 percent from the previous week and 25 percent from the prior 4-week average. Export shipments of 353,900 MT were up 3 percent from the previous week, but down 1 percent from the prior 4-week average. The destinations were primarily to the Philippines (126,500 MT), Japan (85,200 MT), Mexico (53,300 MT), Jamaica (22,000 MT), and Morocco (19,900 MT). Corn: Net sales of 71,700 MT for 2022/2023 were down noticeably from the previous week and down 39 percent from the prior 4-week average. Export shipments of 663,400 MT were up 34 percent from the previous week and 30 percent from the...
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.