Wheat: Net sales of 582,500 metric tons for 2018/2019 were up 32 percent from the previous week and 41 percent from the prior 4-week average Corn: Net sales of 394,400 MT for 2018/2019 were up 13 percent from the previous week, but down 50 percent from the prior 4-week average. Soybeans: Net sales of 395,800 MT for 2018/2019 were up 86 percent from the previous week, but down 34 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 317,400 MT for 2018/2019 were reported for the Dominican Republic (85,100 MT), Thailand (50,000 MT), Mexico (37,800 MT, including decreases of 9,500 MT), Japan (31,500 MT), and Canada (29,100 MT, including decreases of 700 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: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
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.