Brazilian Soybean Cargo Headed to the U.S. A Brazilian maritime agency last week issued a ship lineup report that indicated a cargo of approximately 27,000 MT of Brazilian soybeans had sailed from the port of Ilheus for the United States. Most likely the buyer is an East Coast crusher. To my knowledge, the purchase has not been verified. However, it would not surprising because the U.S. East Coast and Southeast are the areas that have the least local supply of soybeans relative to soymeal demand, and crushers there are having to pay the most to get domestic soybeans. One suspects this will be only the first of a dozen or fewer cargoes of Brazilian soybeans that will be imported this spring and summer. It is doubtful at this point that so...
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.