Disappointing U.S. Soy Export Sales Last Week Today’s USDA export sales report indicated the week ending 20 February was not a positive one for exporters of U.S. soybeans, soymeal and soyoil. The most positive note was a relatively small sales of U.S. soybeans to China. Net soybean export sales for shipment in 2019/20 totaled only 339,300 MT. Sales for shipment in 2020/21 totaled 22,100 MT. The top sales for shipment in 2029/20 were for Japan (108,200 MT), China (71,700 MT), Costa Rica (69,500 MT), Germany (66,000 MT) and South Korea (58,400 MT). The sales and others were partially offset by reductions in sales to unknown destinations of 176,400 MT. The sales for shipment in 2020/21 were to Mexico (21,000 MT) and Japan (1,100 MT). S...
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.