Minimal U.S. Soy Export Sales Last Week Today’s USDA/FAS export sales report indicated exporters of U.S. soybeans, soymeal, and soyoil made only small sales of the three commodities in the week ending 6 May. That is likely to be the case for most of the rest of the marketing year considering the expected tightness of U.S. soy supplies and less expensive South American supplies. Net soybean export sales last week for shipment in 2020/21 totaled only 94,300 MT. Sales in Indonesia (60,300 MT), Mexico 24,500 MT), Venezuela (18,000 MT), Japan (13,100 MT), Colombia (12,500 MT) and other destinations were partially offset by reductions in sales to unknown destinations of 41,200 MT. Sales for shipment in 2021/22 of 102,500 MT were to Mexico...
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.