Big U.S. Soy Export Sales Last Week Today’s USDA export sales report indicated exporters made very large sales of soybeans and soymeal in the week ending 3 October. However, sales and exports of soyoil continued to be very small. Net soybean export sales last week totaled 2,092,500 MT for shipment in 2019/20. As expected, the top sales were for China (1,177,700 MT). The other large sales were for unknown destinations (210,000 MT), Spain (207,300 MT), Taiwan (78,900 MT), and the United Kingdom (59,700 MT). The sale to the UK included 58,000 MT switched from Egypt. USDA also indicated 3,000 MT of soybeans were sold to Japan for shipment in 2020/21. Soybean exports last week totaled 1,038,500 MT. The top destinations were Spain (207,3...
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.