India has sharply boosted its soyoil imports this year as its vegetable oil refiners have a reason to prefer those stocks over palm oil. Reaching USDA Forecasts for Soybean and Soymeal Exports Will Be Difficult As expected, today’s USDA export sales report indicated large sales of soybeans last week as well as improved exports of soymeal. Net export sales of soybeans totaled 177,900 MT for 2015/16 shipment and 1.597 MMT for export in 2016/17. China was the largest known buyer for both marketing years, but there were also very large sales to unknown destinations (865,100 MT) for 2016/17. Other substantial sales were reported for Germany and the Netherlands. Soymeal sales last week totaled 121,400 MT for 2015/16 shipment and 191,800 MT for...
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.