Higher USDA Soybean Inspections Last Week USDA reported on Monday that 679,379 MT of U.S. soybeans were inspected for export last week, up 44.3 percent from the previous week. Of that amount, 216,040 MT were destined to China. It was notable that 115,652 MT were out of the Gulf as relatively few soybean cargoes are normally shipped from there to China at this time of the year. The inspection of containerized soybeans for shipment totaled 77,478 MT last week, all destined to Asia. Lower Canadian Plantings of Canola and Soybeans Expected Statistic Canada last week reported the results of its prospective plantings survey, which found Canadian farmers plan to plant 21.383 million acres of canola in 2018, down from 22.391 million acr...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
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.