This summary is based on reports from exporters for the period August27-September 2, 2021. Wheat: Net sales of 388,400 metric tons (MT) for2021/2022 were up 32 percent from the previous week and 54 percent from the prior 4-week average. Corn: Net sales for the 2021/2022 marketing year, which began September 1, totaled 905,800 MT. Soybeans: Net sales for the 2021/2022 marketing year, which began September 1, totaled 1,471,900 MT. Soybean Cake and Meal: Net sales of 60,700 MT for 2020/2021 were up noticeably from the previous week, but down 9 percent from the prior 4-week average. Soybean Oil: Total net sales reductions for 2020/2021 of 1,600 MT, down noticeabl...
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.