U.S. soybean exports thus far in 2013/14 are now at 39.835 MMT and unshipped soybean export sales stand at 4.609 MMT for a total of 44.444 MT, 103 million bushels above USDA's March forecast for exports in all of 2013/14. Minimal U.S. Old Crop Soybean Export Sales, Moderate Soymeal Sales Yesterday's USDA's export sales report indicated U.S. exporters had net sales of only 11,900 MT of soybeans for export in 2013/14. Old crop soybean sales to the Netherlands (81,000 MT), Japan (72,900 MT), Mexico (40,500 MT), China (21,700 MT) and Taiwan (13,500 MT) were mostly offset by decreases for unknown (170,000 MT), Indonesia (39,800 MT), Venezuela (25,000 MT), Thailand (6,500 MT) and Vietnam (2,500 MT). U.S soybean export sales for ship...
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.