U.S. Soy Export Sales Highlights USDA’s export sales report for the week ending 16 May showed sales of U.S. soybeans were up from the previous week, but those of U.S. soymeal and soyoil were slightly lower. Net soybean export sales for shipment in 2018/19 totaled 535,800 MT, 45 percent above the week prior. The top sales were to unknown destinations (255,500 MT), Indonesia (78,000 MT), China (71,000 MT), Egypt (55,000 MT) and Japan (15,900 MT). Sales for shipment in 2019/20 totaled only 5,100 MT. Soybean exports last week totaled 570,800 MT, mainly to China (272,100 MT), Mexico (100,600 MT), Indonesia (76,100 MT), Japan (42,500 MT) and Costa Rica (15,400 MT). The sale of an additional 71,000 MT to China was a bit surprising conside...
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.