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Oilseed Highlights

Large Soybean and Soymeal Export Sales Today's USDA Exports Sales Report indicated U.S. exporters sold large amounts of soybeans and soymeal last week. Soybean sales totaled 1,219,300 MT, with 374,300 MT for shipment in 2011/12. Sales for shipment in 2012/13 totaled 845,000 MT. As usual, China was the top buyer with sales of 127,200 MT for this marketing year and 615,000 MT for delivery in 2012/13. Not included in the soybean sales last week were sales of 565,000 MT USDA has announced this week.Other notable soybean buyers for this year were Turkey (72,900 MT), unknown (54,000 MT), Netherlands 62,800 MT) and Mexico (28,900 MT). The largest buyers of soybeans for 2012/13 other than China were unknown (170,000 MT) and France (60,000 MT).So...

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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.

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