U.S. Soy Export Sales Decline as Expected Today’s USDA export sales reports indicated U.S. export sales of soybeans declined in the week ending 11 March. The decline was expected as Brazil’s exports have been rapidly ramping up. U.S. soybean exports were also down as expected. Sales of soymeal were down slightly from the previous week, but exports were up. Soyoil export sales also were up, but exports were down. Net soybean export sales last week, all for shipment in 2020/21, totaled 202,400 MT. That was 31 percent below the past four-week average. The top sales were for China (71,500 MT), Mexico (66,000 MT), Bangladesh (57,100 MT), Indonesia (31,300 MT), and Japan 25,100 MT). Those sales and others were partially offset by re...
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.