USDA Releases Final 2011/12 Export Sales Report for Soymeal and Soyoil USDA today released the final export sales reports for soymeal and soyoil for the 2011/12 marketing years. Soymeal exports in 2011/12 totaled 8.501 MMT, which was 13.7 percent higher than the 7.479 MMT USDA reported as being exported in 2010/11.The top destinations during the year were Mexico (1.454 MMT), the Philippines (1.177 MMT), Canada (1.051 MMT), Venezuela (0.619 MMT), the EU-27 (0.576 MMT) and Ecuador (0.415 MMT). That is the first time U.S. soymeal exports to the Philippines have exceeded exports to Canada and is an indication of how much buyers in the Philippines prefer U.S. soymeal.U.S. soyoil export shipments in 2011/12 totaled only 0.586 MMT, a decline of...
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.