The domestic soymeal demand has been blamed for the recent strong rally in soybeans and soymeal futures. That has certainly been part of the driving force, but there's no way you can ignore the sheer power of the soybean export market.Today's weekly USDA export inspections report showed that more than 3.5 MMT of grains and oilseeds were loaded from U.S. ports in the most recent week. That is starting to push the envelope of U.S. port capacity, calculated by some analysts at between 3.8-4 MMT. The largest single weekly export inspections number that we can remember was around 3.8 MMT. It's important to keep in mind that this occurred during a period of record barge rates and super expensive shuttle train rates. This strong surge in export lo...
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.