Today's USDA export sales report showed a pronounced slowdown in net new export sales of soybeans and soybean products. With Brazil now harvesting its new crop and offering lower prices, it clearly is time for new U.S. export sales to wane. A Slowdown in U.S. Weekly Soy Export Sales Today's USDA export sales report showed a pronounced slowdown in net new export sales of soybeans and soybean products. Net new soybean export sales for shipment in 2013/14 totaled 494,800 MT. That was a 22 percent decrease from last week and an 18 percent decrease from the four-week average. Net new soymeal export sales last week for shipment in 2013/14 totaled only 68,300 MT. That was a 72 percent decline versus last week and a 59 percent decline from the fo...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.