Higher USDA Soybean Inspections Last Week USDA reported on Monday that 679,379 MT of U.S. soybeans were inspected for export last week, up 44.3 percent from the previous week. Of that amount, 216,040 MT were destined to China. It was notable that 115,652 MT were out of the Gulf as relatively few soybean cargoes are normally shipped from there to China at this time of the year. The inspection of containerized soybeans for shipment totaled 77,478 MT last week, all destined to Asia. Lower Canadian Plantings of Canola and Soybeans Expected Statistic Canada last week reported the results of its prospective plantings survey, which found Canadian farmers plan to plant 21.383 million acres of canola in 2018, down from 22.391 million acr...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.