U.S. Soybean Export Sales More Than Double Last Week Today’s USDA export sales report for the week ending 13 June indicated the volume of U.S. soybeans sold for shipment in 2018/19 totaled 571,500 MT, up 255,900 MT or 123 percent from the previous week and 34 percent above the past four-week average.The top sales were to unknown destinations (141,400 MT), Egypt (110,000 MT), the Netherlands (82,600 MT), Japan (56,600 MT) and Indonesia (55,700 MT). The sale to the Netherlands included 66,000 MT originally sold to Argentina but then switched to that country. (There are no more unshipped sales on the books for Argentina). Net sales for shipment in 2019/20 totaled 200,000 MT, mainly to Thailand (68,000 MT), Pakistan (66,000 MT) and unkno...
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.