The final U.S. soy export data for 2014/15 was released yesterday, which indicated a notable increase from the previous marketing year. However, the change in overall export value did not necessarily reflect the higher volume. Disappointing Soybean Export Sales Last Week After several weeks of large soybean export sales, today’s USDA export sales report indicated those of last week were disappointing at a total of only 656,600 MT, a decline of 69 percent from the previous week and a marketing year low. The main buyers were China (1.0189 MMT), Japan (97,200 MT), Spain (71,100 MT), Russia (58,500 MT), Bangladesh (53,900 MT), France (45,000 MT), Taiwan (44,400 MT) and Colombia (34,600 MT). The sales were largely offset by reduction in sales...
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.