Oilseeds Soymeal Inventory Climbs Again as Feed Demand Continues to Drop Despite a decline in soybean imports, China’s soymeal inventories continue to rise as domestic feed demand remains soft. Even with the central government’s efforts to inject new stimulus into the economy to offset the impacts of the trade war, African swine fever (ASF) and a lackluster domestic economy have significantly hurt the livestock industry. In turn, that has sharply diminished feed demand. As a result, China’s nationwide estimated soymeal inventory increased for the second consecutive week to reach 708,200 MT as of 1 March 2019, up 63,500 MT (+9.8 percent) from the previous week. However, that total was down 230,600 MT (-24.6 percent) versu...
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.