Export Sales and Shipments for September 15-21, 2023 Wheat: Net sales of 544,500 metric tons (MT) for 2023/2024 were up 77 percent from the previous week and 51 percent from the prior 4-week average. Export shipments of 584,600 MT--a marketing-year high--were up 98 percent from the previous week and 70 percent from the prior 4-week average. The destinations were primarily to China (129,000 MT), the Philippines (113,000 MT), Taiwan (55,300 MT, including 37,600 MT - late), Thailand (51,700 MT), and Mexico (47,600 MT). Corn: Net sales of 841,800 MT for 2023/2024 were primarily for Mexico (261,500 MT, including decreases of 800 MT), unknown destinations (138,600 MT), Colombia (124,600 MT, including 65,500 MT switched from unknown...
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.