Soy Export Sales Highlight As expected, the week ending 23 July was a very good one for exporters of U.S. soybeans and a so-so week for exporters of U.S. soymeal. However, the current week has not been as good. Net soybean export sales last week totaled 257,800 MT for 2019/20 shipment and 3,344,200 MT for shipment in 2020/21. The largest sales for 2019/20 were for Germany (152,400 MT), Egypt (151,200 MT), the Netherlands (116,900 MT), Bangladesh (59,000 MT), and Indonesia (47,100 MT). Those sales and others were partially offset by reductions primarily for unknown destinations (323,600 MT), and China (59,000 MT). The top sales for shipment in 2020/21 were China (1,989,000 MT), unknown destinations (1,232,900 MT), Mexico (64,800 MT), Egypt...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.