U.S. Soybean Export Sales Now at 97 Percent of USDA Forecast Today's USDA export sales report showed exporters of U.S. soybeans and soymeal had solid success selling the two commodities for export last week. That was not the case with soyoil. The report indicated U.S. exporters have already sold 58.664 MMT of soybeans for export in 2020/21. That is equal to 97 percent of USDA’s forecast for exports in 2020/21 of 60.69 MMT. Sales to China as of 28 January totaled 35.332 MMT with 30.382 MT of that already exported. Total soybean exports as of 28 January totaled 47.53 MMT. That is well above the 45.78 MMT exported in all of MY 2019/20. Outstanding, unshipped soybean export sales totaled 11.132 MMT with 2.952 MMT for China and 3.565 MMT...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.