Officials at the Brazilian port of Paranagua indicate 460,000 MT of soybeans were exported from there in September, up from only 136,000 MT during the same month last year. That high volume is an indication of how much Brazil’s larger exports this year are impacting export sales of U.S. soybeans. U.S. Soy Export Sales Accelerating Toward USDA Forecast After a very slow start, U.S. soybean export sales are beginning to accelerate toward USDA’s forecast for 2015/16. Yesterday’s USDA export sales report indicated 2.0308 MMT were sold for the week ending 15 October, bringing total unshipped soybean sales thus far in 2015/16 to 20.689 MMT. That is still well below last year’s sales pace but much better than just a few weeks ago. Soybean export...
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.