U.S. Soy Export Sales Highlights Last week was another good one for exporters of U.S. soybeans and soybean products. If the pace of sales and exports continue it could be a record export year for the U.S. soybean sector. Net export sales of soybeans in the week ending 29 October totaled 1,530,500 MT. That did not include the 137,500 MT of soybeans sold to China in the previous week that was reported late. The top sales last week were for China (810,700 MT), Egypt (283,800 MT), Mexico (92,700 MT), the Netherlands (85,800 MT), Canada (71,400 MT), Italy (30,000 MT), and Brazil (30,000 MT). Soybean exports last week totaled 2,528,200 MT. The top destinations were China (1,938,700 MT), Bangladesh (106,000 MT), Mexico (87,200 MT), the Netherlan...
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.