Soy Export Sales Highlights Today’s USDA export sales report for the week ending 6 February indicated exporters had moderate soybean and soymeal export sales and very good soyoil export sales. However, there were no substantial sales or exports of soybeans to China and that had to be a bit disappointing to the market. Net soybean export sales last week totaled 644,800MT for shipment in 2029/20 and 6,300 MT for shipment in 2020/21. The top sales for shipment in the current marketing year were for China (132,000 MT), Egypt (120,000 MT), Bangladesh (60,900 MT), the Netherlands (56,000 MT), and Japan (48,400 MT). The sales for 2020/21 shipment were almost all to Japan. Soybean exports totaled 611,300 MT. That was down 50 percent f...
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.