Export Sales Report Shows Slowing Soybean Sales for 2012/13 Today's USDA Export Sales report indicated U.S. exporters last week sold 386,000 MT of soybeans for shipment in 2012/13. That was about the same as the previous week, but 42 percent below the four-week average. The slowdown is not only expected, but also necessary to assure an adequate supply to meet domestic demand the rest of the year. The main destinations for the export sales were China (292,100 MT), the Netherlands (76,200 MT), Indonesia (70,800 MT), Vietnam (62,000 MT) Turkey (44000 MT), Egypt (40,000 MT) and Mexico (30,500 MT). Reductions in sales to unknown destinations totaled 277,000 MT. Exporters also sold 867,000 MT of soybeans for shipment in 2013/14; the main desti...
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.