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...
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.