Large U.S. Soymeal and Soyoil Exports Sales, Soybean Sales Slump Today's USDA Export Sales report indicated U.S. exporters last week had net export sales of 365,100 MT of soymeal and 121,500 MT of soyoil. Both were well above recent weeks' sales. However, net soybean export sales slumped to only 319,100 MT, which was 37 percent below the average of the last four recent weeks.Last week's soymeal export sales included 101,000 MT to unknown destinations, 96,400 MT to the Philippines, 33,000 MT to Ecuador, 26,000 MT to Cuba, 25,000 MT to Australia and 15,600 MT to Colombia. Smaller soymeal sales were made to Dominican Republic (12,300 MT), Guatemala (12,300 MT), Canada (10,900 MT), Panama (9,500 MT), Vietnam (9,100 MT) and a few other countr...
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.