Export Sales and Shipments for August 23-29, 2024. Wheat: Net sales of 340,000 metric tons (MT) for 2024/2025 were down 36 percent from the previous week and 17 percent from the prior 4-week average. Export shipments of 638,100 MT--a marketing-year high--were up 11 percent from the previous week and 25 percent from the prior 4-week average. The destinations were primarily to the Philippines (139,900 MT), Mexico (120,500 MT, including 33,000 MT - late), Vietnam (66,000 MT), South Korea (53,000 MT), and Guatemala (37,800 MT). Corn: Net sales reductions of 173,100 MT for 2023/2024--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average. Export shipments of 1,061,200 MT were up 1 percen...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.