Export Sales and Shipments for December 15-21, 2023. Wheat: Net sales of 276,400 metric tons (MT) for 2023/2024 were down 14 percent from the previous week and 60 percent from the prior 4-week average. Export shipments of 342,000 MT were up 1 percent from the previous week and 17 percent from the prior 4-week average. The destinations were primarily to Japan (60,800 MT), Thailand (60,000 MT), South Korea (56,900 MT), Vietnam (41,700 MT), and Algeria (40,800 MT). Corn: Net sales of 1,242,100 MT for 2023/2024 were up 23 percent from the previous week, but down 12 percent from the prior 4-week average. Export shipments of 1,279,500 MT--a marketing-year high-- were up 47 percent from the previous week and 55 percent from the prior...
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.