Export Sales and Shipments for July 21-27, 2023. Wheat: Net sales of 421,300 metric tons (MT) for 2023/2024 were up 81 percent from the previous week and 40 percent from the prior 4-week average. Export shipments of 507,400 MT were up 28 percent from the previous week and 54 percent from the prior 4-week average. The destinations were primarily to China (141,700 MT), Mexico (105,200 MT), the Philippines (45,900 MT), Vietnam (42,300 MT), and Japan (34,200 MT). Corn: Net sales of 107,500 MT for 2022/2023 were down 66 percent from the previous week and from the prior 4-week average. Export shipments of 626,200 MT were up 52 percent from the previous week and 26 percent from the prior 4-week average. The destinations w...
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.