World Perspectives
soy-oilseeds

Oilseed Highlights: U.S. Soy Export Sales; Argentine Soy Crop; U.S. Soy Plantings; Brazil and Crop Insurance; China’s Ag Focus

U.S. Soy Export Sales Anyone who expected today’s USDA export sales report for the week ending 3 January to be positive for the soybean sector had to be disappointed. Considering it included much of the period between Christmas and the New Year, it is not surprising the data was lower than might be hoped. The report indicated net soybean export sales for 2018/19 shipment declined by 612,000 MT, a marketing year low. The sales, mostly to Mexico (146,100 MT), the Netherlands (81,900 MT), Pakistan (72,600 MT), South Korea (60,900 MT) and Germany (56,600 MT), were more than offset by reductions of 807,000 MT for China and 444,000 MT for unknown destinations. Those sales for shipment in 2019/20 totaled 1,100 MT, all to Japan. Soybean exp...

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Summary of Futures

Mar 26 Corn closed at $4.445/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0775/bushel, up $0.015 from yesterday's close.  Jan 26 Soybeans closed at $10.5225/bushel, down $0.06 from yesterday's close.  Jan 26 Soymeal closed at $298.4/short ton, up $0.2 from...

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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.

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