Because of the heavy rainfall, some farmers meeting in Minnesota said they have lost as much as 10-15 percent of their crops to flooding. At this point, the precipitation is causing more damage to soybeans as they do not do well in waterlogged soils. Export Sales Dominate Soy Sector Export sales this week were once again the main issue impacting the soybean sector. USDA reported on Wednesday that an exporter had sold 140,000 MT of soybeans to an unknown destination for shipment in the current marketing year. This was a very surprising sale considering USDA is forecasting U.S. soybean ending stocks on 31 August will be a bin-bottom 125 million bushels. My first reaction was that a mistake had been made and that the sale actually was for sh...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
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.