Soy Export Sales Highlights Today’s USDA export sales report was positive for the U.S. soy industry. Sales and exports of soybeans and soymeal were solid and soyoil exports were a marketing year high. Net soybean export sales in the week ending 4 March for shipment in 2020/21 totaled 350,600 MT. Sales for shipment in 2021/22 totaled 213,200 MT. The sales for shipment in 2020/21 mainly were for China (90,200 MT), Indonesia (81,000 MT), Mexico (77,900 MT), Germany (68,100 MT), and Egypt (64,700 MT). Those sales and others were partially offset by reductions for unknown destinations of 125,300 MT. The sales for shipment in 2021/22 were for Taiwan (65,000 MT), China (63,000 MT), Bangladesh (55,000 MT), and Japan (30,200 MT). Soybean exp...
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.