Net Reductions in U.S. Soybean and Soyoil Export Sales Today's USDA export sales report indicated a net reduction in U.S. export sales of soybeans and soyoil for the 2012/13 marketing year and indicated a net reduction of 70,900 MT of soybeans last week. This was because additional sales of soybeans to Thailand (6,100 MT), Vietnam (6,100 MT), Taiwan (5,100 MT), Indonesia (3,900 MT) and China (2,500 MT) were more than offset by decreases to Mexico of 58,000 MT and 38,300 MT to unknown destinations. Exports of soybeans last week totaled 77,400 MT, which was a marketing year low. Those shipments went to Mexico (43,400 MT), Japan (15,100 MT), Taiwan (6,300 MT), Indonesia (4,900 MT) and Barbados (3,600 MT). New crop soybean sales last week to...
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.