World Perspectives
feed-grains soy-oilseeds wheat

Oilseed Highlights

China Lowers Soybean Import Estimate for March, Raises April China's Ministry of Commerce today lowered its estimate for that country's soybean import in March from 4.29 MMT to 3.66 MMT. At the same time, it raised its forecast for imports in April from 4.29 MMT to 5.71 MMT. The estimates are released twice monthly.The reduction in estimated soybean imports in March is not surprising considering the shipping delays in Brazil. It also is reasonable that arrivals in April would be increased because cargoes that did not arrive in March will arrive in April. China's CGNOC is now predicting China will import 59 MMT of soybeans this year. That is up by 1 MMT from it most recent forecast.It is not clear just how much Chinese demand for soymeal...

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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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