Positive U.S. Soybean and Soymeal Export Sales Last Week Today’s USDA export sales report indicated exporters made very large sales of soybeans last week for shipment in 2021/22 as well as sizable shipments of soymeal for export in 2020/21 and 2021/22. Sales of soyoil were poor as expected. Net sales of soybeans totaled 92,800 MT for shipment in 2020/21 and 1,670,100 MT for shipment in 2021/22. The top sales for shipment in 2020/21 were for China (31,200 MT), Canada (19,800 MT), Mexico (7,300 MT), unknown destinations (6,400 MT), and Vietnam (6,100 MT). The top sales for shipment in 2021/22 were for China (1,147,000 MT), unknown destinations (511,600 MT), Indonesia (9,000 MT), and Taiwan (3,000 MT). Most likely some of the sales for...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.