Soy Export Sales Highlights Today’s USDA export sales report indicated U.S. exporters of soybeans, soymeal and soyoil had good success in making export sales in the week ending 30 July. The larger sales likely portend large sales of the commodities in coming weeks. Net soybean export sales last week totaled 345,200 MT for 2019/20 shipment and 1,405,000 MT for shipment in 2020/21. The top sales for shipment in 2019/20 were for Germany (183,000 MT), Indonesia (67,500 MT), China (548,700 MT), Bangladesh (54,700 MT), and Egypt (53,400 MT). The top sales for shipment in 2020/21 were for China (474,000 MT), Mexico (351,900 MT), unknown destinations 212,500 MT), Egypt (107,000 MT), and Pakistan (70,000 MT). Soybean exports last week totale...
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.