Following China's annual Victory Day celebration on 3 September, downstream demand from the feed sector increased. That caused the country's estimated soymeal inventories to fall last week, a trend expected to continue for several other reasons as well. Oilseeds Soymeal Inventories Fall on Improving Feed Demand Following the annual Victory Day celebration on 3 September, downstream demand from the feed sector increased. As a result, China's estimated soymeal inventories fell last week to 1.21 MMT from the previous week's 1.49 MMT, a drop of 280,800 MT and just 15,200 MT lower than the corresponding week in 2014. Among the surveyed regions, those inventories in northern China and Guangxi Province declined 22.52 percent last week to 140,30...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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.