U.S. Soy Export Sales Today’s U.S. export sales report for the week ending 4 April indicated a substantial drop for soybeans from the previous week. Net soybean export sales for 2018/19 shipment totaled only 270,400 MT, down 86 percent from the previous week and 76 percent below the past four-week average. The top sales were to Indonesia (73,700 MT), Mexico (71,000 MT), the Netherlands (66,300 MT), Egypt (54,700 MT) and Japan (48,700 MT). Those and other sales were partially offset by reductions for unknown destinations of 99,300 MT. Sales for shipment in 2019/20 totaled 10,000 MT with Malaysia (5,000 MT) and Japan (3,900 MT) the largest buyers. Soybean exports last week totaled 889,800 MT, 1 percent above the past four-week average...
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.