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Oilseed Highlights

Export Sales Report Shows Slowing Soybean Sales for 2012/13 Today's USDA Export Sales report indicated U.S. exporters last week sold 386,000 MT of soybeans for shipment in 2012/13. That was about the same as the previous week, but 42 percent below the four-week average. The slowdown is not only expected, but also necessary to assure an adequate supply to meet domestic demand the rest of the year. The main destinations for the export sales were China (292,100 MT), the Netherlands (76,200 MT), Indonesia (70,800 MT), Vietnam (62,000 MT) Turkey (44000 MT), Egypt (40,000 MT) and Mexico (30,500 MT). Reductions in sales to unknown destinations totaled 277,000 MT. Exporters also sold 867,000 MT of soybeans for shipment in 2013/14; the main desti...

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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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