U.S. Soy Export Sales Highlights Today’s USDA export sales report indicated exporters of U.S. soybeans, soymeal, and soyoil had greater success selling U.S. soybeans and soyoil for export, but sales of soymeal for export declined. Considering it was Christmas week, the sales were still positive. Net export sales of soybeans in the week ending 24 December for shipment in 2020/21 totaled 695,400 MT. That was a substantial increase over the previous week. The top sales were for China (619,700 MT), Egypt (91,800 MT), Indonesia (88,900 MT), the Netherlands (88,600 MT), and Thailand (78,000 MT). Those sales and other were partially offset by reductions for unknown of 588,100 MT. Net sales for shipment in 2021/22 totaled 315,800 MT. The to...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.