World Perspectives
soy-oilseeds

Oilseed Highlights: U.S. Soy Export Sales; India’s Vegoil Imports; Chinese Uncertainty

U.S. Soy Export Sales Highlights This week has been an active one for U.S. soybean export sales to China and unknown destination. USDA reported soybean export sales totaling 570,000 MT since 29 May. Of that amount 306,000 MT are reported as sold for unknown destinations and 264,000 MT haven been for China. Sales for shipment in 2019/20 totaled 192,000 MT with the remaining 378,000 MT being for shipment in 2020/21.However, those sales announced on a daily basis since 28 May will not show up in the weekly USDA export sales report until next week.  Today’s USDA weekly export sales report for the week ending 28 May indicated that net export sales of soybeans for export in 2019/20 totaled 495,200 MT. The top sales were for China (20...

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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.

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