U.S. Soy Export Sales Highlights Today’s USDA export sales highlights confirmed the week ending 6 August was a fantastic one for exporters of U.S. soybeans and a good one for export sales of U.S. soymeal. The large sales and exports of soybeans of last week have been followed by additional large sales in the current week. Net soybean export sales last week for shipment in 2019/20 totaled 570,100 MT. Sales for shipment in 2020/21 totaled 2,839,400 MT. The sales for shipment in 2019/20 were for China (420,500), the Netherlands (144,300 MT), Japan (64,500 MT), Egypt (49,600 MT), and Taiwan (20,300 MT).Those sales were partially offset by reduction for unknown destinations of 191,000 MT. The sales for shipment in 2020/21 mainly were for...
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.