World Perspectives
soy-oilseeds livestock softs

Indian Subcontinent Regional Analysis

Soymeal Prices Up, but DDGS Not Available as Alternative The Soybean Oil Processors Association (SOPA) has again trimmed its estimate for India’s 2017/18 soybean production (harvest in October-November 2017), reducing the previous forecast of 9.15 MMT to 8.35 MMT. The government of India (GOI) pegged production at 12.217 MMT in its first advanced estimate of 22 September 2017. Based on available data, SOPA’s estimate seems accurate. This would mean production is 23.39 percent lower than its estimate of 10.9 MMT in 2016/17, which GOI had projected would reach 13.794 MMT that year. Prices peaked in the last week at Rs.39,390/MT ($606/MT) and dropped as arrivals started again. They are currently close to Rs.38,000/MT ($584/MT). S...

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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.

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