Excellent Week for U.S. Soybean Export Sales The week ending 31 October proved to be an excellent one for exporters of U.S. soybeans. Soymeal export sales were also good while soyoil export sales had to be disappointing. Net soybean export sales during the week totaled 1,807,400 MT. That was more than 50 percent greater than the highest estimate of market analysts queried by Reuters of 1.2 MMT. It was also 41 percent above the average of the past four weeks. The largest sales during the week were for China (956,300 MT), the Netherlands (284,100 MT), Mexico (106,600 MT), Vietnam (85,000 MT), and Japan (80,600 MT). Soybean exports during the week totaled 1,559,400 MT, 22 percent above the previous four-week average. The top exports were to...
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.