U.S. Soy Export Sales Highlights Export sales for the week ending 28 March were significantly higher for U.S. soybeans, and they were also up for soymeal and soyoil. However, it will take several similar weeks for U.S. soy exports to reach USDA’s forecasts for 2018/19. Net soybean export sales for 2018/19 shipment totaled 1,971,700 MT, the highest ever for the last week of March. Sales to China totaled 1,700,100 MT or 58,100 MT more than the two large sales separately reported by USDA on 29 March and 1 April. The other top sales were to Indonesia (91,500 MT), unknown destinations (65,200 MT), South Korea (59,600 MT) and Taiwan (30,600 MT). They were partially offset by reductions for Argentina (-40,000 MT), Egypt (-1,800 MT) and Pak...
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.