Macro Trends U.S. Agricultural Exports to China Down Nearly 50 Percent in 2018 U.S. agricultural exports to China during January-October were a paltry 14.52 MMT worth $8.32 billion versus 30.77 MMT valued at $14.27 billion during the same period of 2017. That volume was also 51.5 percent less than the average since 2010 (for those months) of 28.19 MMT and down 54.1 percent from the corresponding average FOB port of departure value of $15.38 billion. With items such as almonds, pistachios and wine composing a relatively larger share of the total volume and value this year compared with soybeans, grains and other less valuable commodities, the average FOB price of U.S. agricultural exports to China has climbed to $573.12/MT against $559.78/...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.