U.S. Soy Export Sales Highlights Today’s USDA export sales report for the week ending 11 April indicated U.S. soybean sales were up from the previous week. However, they were far below what is needed to reach USDA’s forecast for 2018/19. Net soybean exports sales for shipment in 2018/19 totaled 382,100 MT, up 42 percent from the previous week but 46 percent below the past four-week average. The top sales were to unknown destinations (170,600 MT), South Korea (48,700 MT), Indonesia (46,600 MT), Japan (45,700 MT) and Colombia (23,100 MT). Those sales for shipment in 2019/20 totaled 21,100 MT, mainly to Mexico (19,600 MT). Soybean exports last week totaled 470,800 MT, a decline of 48 percent from the past four-week average. T...
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.