Another Week of Good U.S. Soybean Export Sales Today’s USDA/FAS export sales report indicated exports had a good week selling U.S. soybeans in the week ending 4 February. Sales of soymeal also were good, but there was a net reduction in soyoil export sales. Net soybean export sales for shipment in 2020/21 totaled 804,700 MT. That was above the range of estimates of trading firms queried by Reuters. The top sales were for China (517,000 MT), the Netherlands (212,700 MT), Mexico (133,400 MT), Egypt (119,200 MT), and Indonesia (114,200 MT). The new sales to China included 296,000 MT which were reported late for the previous reporting period. Sales for shipment in 2021/22 totaled 178,500 MT with China (66,000 MT), unknown destinat...
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.