Wheat: Net sales of 661,700 metric tons for 2019/2020--a marketing year high--were up 11 percent from the previous week and 37 percent from the prior 4-week average. Corn: Net sales reductions of 2,500 MT resulting in increases for Mexico (13,500 MT, including decreases of 49,100 MT), El Salvador (9,200 MT, including 8,000 MT switched from Guatemala, 6,500 MT switched from Nicaragua, 4,000 MT switched from Honduras, and decreases of 400 MT), Taiwan (5,700 MT, including decreases of 100 MT), Nicaragua (3,400 MT, including 6,000 MT switched from Costa Rica and 3,800 MT switched from El Salvador), and Costa Rica (3,400 MT), were partially offset by reductions for Japan (21,900 MT) and unknown destinations (19,400 MT).&...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.