Big USDA Soybean Inspections Last Week The Federal Grain Inspection Service (FGIS) reported today that 47.381 million bushels (1.29 MMT) of soybeans were inspected for export last week. That was well above last week's inspections of 30.66 million bushels (834,000 MT) and the average trade estimate of 27–43 million bushels. The large inspections clearly indicate the soybean export season is off to a big start.The FGIS indicated 21.733 million bushels of corn and 25.287 million bushels of wheat were inspected last week versus 25.336 million bushels of corn and 29.781 million bushels of wheat the previous week. CONAB's 2013/14 Brazilian Plantings and Production Forecasts Last week, Brazil's crop supply agency, CONAB, released its first...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.