Soy Export Sales Highlights Today’s USDA/FAS export sales report indicated exporters of U.S. soybeans had moderate success in the week ending 3 December. Sales of soybeans were up from the previous week despite large reductions in sales to unknown destinations. Soymeal and soyoil sales were more modest. Net soybean export sales for export in 2020/21 totaled 569,000 MT, a 40 percent increase over the previous week, but 42 percent below the past four-week average. The largest sales as usual were for China (685,400 MT), but 459,000 MT of that was switched from unknown destinations. The other substantial sales were for Mexico (178,600 MT), Thailand (103,800 MT), the Netherlands (95,200 MT), and Egypt (86,100 MT). Total reductions in sal...
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.