For the second consecutive week, China's average domestic corn price dropped because of downward market pressure. The weekly wholesale price will likely face even more such pressure as the central government must find a way to reduce corn stocks heading into summer. Oilseeds Soymeal Inventories Up Slightly as Crushing Rates Increase With the major soybean processors returning to pre-holiday operating schedules, last week’s estimated soymeal inventories rose 90,000 MT (+14.52 percent) to 710,000 MT and were 20,000 MT higher than the same week in 2015. Among the surveyed regions, southern China was clearly the driver behind the increases as volumes fell in the north. In Guangxi, estimated soymeal inventories grew sharply to 72,100 MT last...
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...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.