World Perspectives
soy-oilseeds

Oilseed Highlights: Export Sales; Argentine Soy Sales; Thailand Restriction; Soy and COVID-19

Big U.S. Soybean Export Sales Last Week The week ending 14 May was a good one for U.S. exporters of soybeans, soymeal and soyoil according to today’s USDA export sales report. Large sales to China were the major reason. Net soybean export sales last week for shipment in 2019/20 totaled 1,205,000 MT. The top sales were for China (737,400 MT), unknown destinations (177,700 MT), Egypt (89,300 MT), Italy (38,600 MT), and Canada (28,800 MT). Sales for shipment in 2020/21 totaled 464,200 MT with all but 2,000 MT of that being for China. Soybean exports last week totaled 500,000 MT. The destinations mostly were Egypt (137,300 MT), China (76,700 MT), Mexico (61,300 MT), Italy (38,600 MT), and Taiwan (36,000 MT).  Net soymeal export sa...

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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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