World Perspectives
feed-grains soy-oilseeds

Oilseed Highlights

Throughout the past year, USDA has been forecasting China's soybean imports in MY 2013/14 would reach 69 MMT, but that estimate may actually be too pessiimistic. The China National Grain and Oils Information Center (CNGOIC) is now predicting that total will be 70 MMT. China Soybean Imports to Exceed USDA Forecast Says Chinese Agency Throughout the past year, USDA has been forecasting China's soybean imports in MY 2013/14 would reach 69 MMT. When it first announced the estimate back in May 2013, many people thought it was far too optimistic, considering Chinese imports were only 59.865 MMT in 2012/13. Most believed it was just too bullish to expect an increase of over 9 MMT in one year.It now appears that USDA's forecast may actually turn...

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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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