Argentina's Buenos Aires Grain Exchange today indicated the nation's soybean crop in 2014 totaled a record 55.5 MMT, while Brazil's Conab reduced its estimate for that country's 2014 soybean crop from 86.27 MMT to 85.66 MMT. Meanwhile, U.S. soybean and soymeal export sales continue strong. U.S. Soybean and Soymeal Export Sales Continue Strong Today's USDA weekly export sales report once again showed large U.S. export sales of soybeans and soymeal. Net soybean export sales totaled 94,900 MT for shipment in 2013/14 and 1.0086 MMT for shipment in 2014/15. Net new soymeal export sales totaled 252,100 MT for shipment in 2013/14 and 479,000 MT for shipment in 2014/15. Soyoil export sales totaled 15,400 MT for shipment in 2013/14 and 10,000 MT f...
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.