Export Sales for Dec 3-9, 2021. Wheat: Net sales of 650,600 metric tons (MT) for 2021/2022--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. Corn: Net sales of 1,948,700 MT for 2021/2022--a marketing-year high--were up 72 percent from the previous week and 74 percent from the prior 4-week average. Soybeans: Net sales of 1,308,600 MT for 2021/2022 were down 20 percent from the previous week and 6 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 95,600 MT for 2021/2022--a marketing-year low--were down 53 percent from the previous week and 43 percent from the prior 4-week average. Soybean Oil: Net sales...
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.