Although the estimated average utilization rate of the major soybean processors is trending upward, China’s soymeal inventories continue to fall as feed demand has increased sharply in the past few weeks. Oilseeds Soymeal Inventories Continue to Fall As Demand Rises Although the estimated average utilization rate of the major soybean processors is trending upward, China’s soymeal inventories continue to fall as feed demand has increased sharply in the past few weeks. Last week’s estimated total dropped to 708,100 MT, a 70,300 MT (-9.03 percent) decline from the previous week and 201,800 MT (-22.18 percent) lower than the same week in 2014. Among the surveyed regions, soymeal inventories increased 21.13 percent in the northeast to 43,400...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.