U.S. Soybean Export Sales More Than Double Last Week Today’s USDA export sales report for the week ending 13 June indicated the volume of U.S. soybeans sold for shipment in 2018/19 totaled 571,500 MT, up 255,900 MT or 123 percent from the previous week and 34 percent above the past four-week average.The top sales were to unknown destinations (141,400 MT), Egypt (110,000 MT), the Netherlands (82,600 MT), Japan (56,600 MT) and Indonesia (55,700 MT). The sale to the Netherlands included 66,000 MT originally sold to Argentina but then switched to that country. (There are no more unshipped sales on the books for Argentina). Net sales for shipment in 2019/20 totaled 200,000 MT, mainly to Thailand (68,000 MT), Pakistan (66,000 MT) and unkno...
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.