Soy Export Sales, Large Soybean Sales to China and Elsewhere The last two weeks have seen very large sales of U.S. soybeans to China and other destinations for export in MY 2021/22. This is the time of the year U.S. exporters normally report large new-crop soybean export sales, so the sales are not a surprise, but clearly are a positive signal to the sector. Today’s USDA export sales report for the week ending 12 August indicated exporters reported net sales of soybeans totaling 67,700 MT for shipment in 2020/21 and 2,142,100 MT for export in 2021/22. The top sales for 2020/21 were for China (92,300 MT), Taiwan (12,300 MT), Japan (11,200 MT), Vietnam (11,200 MT), and Indonesia (7,600 MT). Those sales and others were partially offset...
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.