U.S. Soy Export Sales Highlights Today’s USDA export sales report showed exporters had great success selling U.S. soybeans for export in the week ending 16 July. However, sales of soymeal and soyoil were not that good. Net soybean export sales last week totaled 365,200 MT for shipment in 2019/20 and 2,300,500 MT for export in 2020/21. The sales for 2019/20 shipment primarily were for China (209,900 MT), the Netherlands (127,700 MT), Egypt (40,700 MT), Peru (13,000 MT), and Japan (12,000 MT). Those sales and others were partially offset by reductions for unknown destinations (63,000 MT) and Mexico (18,500 MT). The sales for shipment in 2020/21 were mostly to China (1,486,000 MT), unknown destinations (669,000 MT), Spain (60,000 MT),...
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.