Export Sales and Shipments for March 1-7, 2024. Wheat: Net sales of 83,800 metric tons (MT) for 2023/2024--a marketing-year low--were down 69 percent from the previous week and 71 percent from the prior 4-week average. Export shipments of 453,500 MT were up 23 percent from the previous week and 9 percent from the prior 4-week average. The destinations were primarily to the Philippines (133,200 MT), China (119,900 MT), Mexico (91,900 MT), Colombia (19,500 MT), and Jamaica (17,500 MT). Corn: Net sales of 1,283,400 MT for 2023/2024 were up 16 percent from the previous week and 19 percent from the prior 4-week average. Export shipments of 1,258,600 MT were up 9 percent from the previous week and 17 percent from the prior 4-week av...
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.