Export Sales for June 17-23, 2022. Wheat: Net sales of 496,700 metric tons (MT) for 2022/2023 primarily for the Philippines (68,000 MT), Brazil (57,500 MT), Mexico (55,000 MT, including decreases of 11,900 MT), Yemen (55,000 MT), and Italy (48,000 MT), were offset by reductions primarily for Vietnam (3,900 MT). Exports of 241,400 MT were primarily to the Philippines (65,500 MT), Mexico (43,300 MT), Nigeria (29,100 MT), Italy (18,000 MT), and Vietnam (17,500 MT). Corn: Net sales of 88,800 MT for 2021/2022--a marketing-year low--were down 87 percent from the previous week and 72 percent from the prior 4-week average. Soybeans: Net sales reductions of 120,200 MT for 2021/2022--a marketing-year low-...
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.