Fairly Good Exports Sales Last Week Today's USDA export sales report indicated U.S. exporters had fairly good sales last week. The report showed 105,200 MT of soybeans were sold for shipment this month and an additional 195,200 MT sold for shipment in 2012/13. The main buyers for 2011/12 were China, Canada, Costa Rica, Vietnam and Taiwan. The top buyers for shipment in 2012/13 were China, Turkey and Mexico. Soybean exports last week totaled 360,400 MT: 179,600 MT to China, 87,400 MT to Mexico, 26,200 MT to Indonesia, 21,800 MT to Costa Rica, 10,100 MT to Japan and 9,800 MT to Colombia.Soymeal sales last week totaled 134,200 MT for 2011/12 and 77,500 MT for shipment in 2012/13. The main buyers for shipment in 2011/12 were Ecuador (35,100...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.