Livestock Muyuan’s Credit Default Sends Shockwave Through Industry Based on recent reports from the Shanghai Commercial Paper Exchange (SHCPE), more than 30 of Muyuan’s subsidiaries have defaulted on their commercial paper obligations. The SHCPE, which is a national platform for the exchange of corporate issued notes and bonds under the supervision of the People’s Bank of China, indicated the value of the defaults exceeds $2.6 million in U.S. dollars. The share price of Muyuan fell by 10 percent yesterday, reaching the daily limit on Shenzhen Exchange, while other publicly listed domestic hog companies also saw significant price drops in their share prices. Market analysts have had doubts concerning Muyuan’s finan...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.