Disappointing U.S. Soymeal Export Sales Last Week Yesterday’s USDA weekly export sales report indicated good sales for U.S. soybeans and soyoil last week, but those of soymeal were somewhat disappointing. Net soybean export sales totaled 2,139,300 MT, 23 percent above the past four-week average. As usual, China (1,576,200 MT) was the top destination followed by Taiwan (120,400 MT), Japan (82,900 MT), Spain (70,900 MT), South Korea (58,600 MT) and Germany (52,700 MT). Soybean exports totaled 2,522,600 MT, mainly to China (1,739,200 MT), Spain (146,900 MT), Mexico (112,500 MT), Thailand (81,300 MT) and Vietnam (73,300 MT). Soymeal export sales totaled only 142,800 MT for shipment in 2017/18, mostly to Mexico (64,300 MT), the Philippi...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.