The Egyptian government forecasts local aquaculture production, which currently meets 80 percent of the country’s consumption demand, will increase 35 percent by 2018, necessitating notable growth in soybean imports for crushing in order to support the accompanying fish feed requirements. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The latest USDA-FAS report regarding Turkey indicates its soybean imports will drop 130,000 MT to 2.15 MMT in 2016/17. Ukraine is expected to be the largest supplier at about 800,000 MT with Paraguay at about 550,000 MT and the U.S. at 400,000 MT. Soymeal imports are forecast to be steady at about 600,000 MT with Argentina supplying the highest volume at about 370,000 MT. USDA also says that the expans...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.