Moderate Soy Export Sales Last Week Today's USDA FAS export sales reports showed moderate soy export sales last week. Total soybean export sales for 2012/13 were 321,800 MT and sales for 2013/14 totaled 85,000 MT. The sales for shipment in the current marketing year included unknown (254,700 MT), Netherlands (95,600 MT), Spain (72,100 MT), Mexico (69,100 MT) and Indonesia (12,500 MT). The new sales were partially offset by the cancellation of 241,600 MT to China. Export shipments last week totaled 1,177,300 MT with the main destinations being China (753,900 MT), Netherlands (95,600 MT), Spain (72,100 MT), the United Kingdom (66,000 MT) and Egypt (62,700 MT).USDA today announced additional soybean sales for 2012/13 of 60,000 MT to China a...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.