China’s domestic soymeal inventories decreased last week to 1.32 MMT, down 150,000 MT or 10.2 percent from the previous week, largely because of two factors. Oilseeds Soymeal Inventories Head Lower China’s domestic soymeal inventories decreased last week to 1.32 MMT, down 150,000 MT or 10.2 percent from the previous week. Overall, the total was 680,000 MT greater than the same week in 2014. Thanks to price reductions from processors followed by an uptick in downstream demand, movement of soymeal picked up in the last ten days. Among the surveyed regions, inventories in the south came in higher than the north. They declined 13.41 percent to 216,000 MT and 4.15 percent to 145,300 MT in Guangxi and Fujian, respectively. By contrast, soymeal...
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.