The National Oilseed Processor Association’s (NOPA’s) soybean crush report of yesterday indicated its members had the largest May crush ever, driven by good margins during the month. Solid U.S. Soybean Export Sales Today’s USDA export sales report indicated last week was a solid one for U.S. soybeans. Sales of soymeal and soyoil were not so great, but those of the former were encouraging.Net soybean export sales last week totaled 816,400 MT for shipment in 2015/16 and 768,600 MT for shipment in 2016/17. The sales for 2015/16 shipment were 57 percent above the past four-week average, suggesting the U.S. is likely to have above-average sales at the end of the marketing year, and were mainly to unknown destinations (356,500 MT), China (186,5...
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.