Export Sales and Shipments for August 16-22, 2024. Wheat: Net sales of 532,100 metric tons (MT) for 2024/2025 were up 8 percent from the previous week and 53 percent from the prior 4-week average. Export shipments of 576,800 MT were up 23 percent from the previous week and 20 percent from the prior 4-week average. The destinations were primarily to Japan (100,700 MT, including 49,900 MT - late), Mexico (77,500 MT, including 30,500 MT - late), Vietnam (66,100 MT), Ecuador (56,100 MT), and South Korea (55,000 MT). Corn: Net sales of 15,300 MT for 2023/2024--a marketing-year low--were down 87 percent from the previous week and 93 percent from the prior 4-week average. Export shipments of 1,048,900 MT were down 9 perce...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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.