China's soymeal exports rose to 301,731 MT in June, a 128 percent increase over a year ago. The sharp rise has been driven primarily by a shortage of Indian soymeal this year as well as negative or very low Chinese crushing soybean margins. U.S. Soymeal Export Sales for November and December Nearly at Capacity USDA reported yesterday that U.S. exporters had sold 135,000 MT of soymeal to unknown destinations for shipment in 2014/15. This brought known soymeal export sales for 2014/15 to 2.743 MMT, the highest new crop sales volume in history for this point in the year and approaching the maximum volume the U.S. can export in November and December. As a result, buyers are now beginning to book U.S. soymeal for shipment in early 2015. This h...
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.