Export Sales and Shipments for September 22-28, 2023 Wheat: Net sales of 273,100 metric tons (MT) for 2023/2024 were down 50 percent from the previous week and 34 percent from the prior 4-week average. Export shipments of 388,000 MT were down 34 percent from the previous week and 4 percent from the prior 4-week average. The destinations were primarily to the Philippines (64,000 MT), Japan (45,300 MT), South Korea (44,200 MT), Taiwan (36,300 MT), and Canada (30,800 MT). Corn: Net sales of 1,816,000 MT for 2023/2024 primarily for Mexico (1,147,800 MT, including decreases of 228,500 MT), unknown destinations (147,100 MT), Colombia (141,100 MT, including 31,000 MT switched from unknown destinations and decreases...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.