Reports out of India indicate that the country's soymeal exporters are having difficulty lining up new sales because of high prices. Deliveries of soybeans to markets are also slow as farmers hold back seeking higher prices. Argentina Files WTO Complaint Against EU Biodiesel Duties As expected, Argentina's government filed a complaint today with the WTO over the EU's move last month to impose anti-dumping duties on imports of Argentine biodiesel averaging 24.6 percent. The EU factored the impact of Argentina's differential export taxes (DETs) into its calculations of these duties.If the EU and Argentina are not able to reach an agreement on the dispute within 60 days, Argentina is certain to request the establishment of a dispute settleme...
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.