Export Sales and Shipments for August 30-September 5, 2024 Wheat: Net sales of 474,900 metric tons (MT) for 2024/2025 were up 40 percent from the previous week and 11 percent from the prior 4-week average. Export shipments of 542,200 MT were down 15 percent from the previous week and 1 percent from the prior 4-week average. The destinations were primarily to the Philippines (103,900 MT), Mexico (98,600 MT), Taiwan (89,100 MT), Indonesia (78,600 MT), and South Korea (72,200 MT). Corn: Net sales of 666,500 MT for the 2024/2025 marketing year, which began September 1, were primarily for Mexico (180,300 MT, including 31,000 MT switched from unknown destinations and decreases of 26,300 MT), unknown destinations (167,900...
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
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.