Last Thursday's announcement regarding China's agreement to purchase 13.18 MMT of U.S. soybeans was well received by the market. More recent reports, though, suggest the deal's impact on 2015/16 demand may not be as expected. Soybean Sale to China for 2016/17 Shipment Takes Shine Off Deal Last Thursday's announcement regarding China's agreement to purchase 13.18 MMT of U.S. soybeans was well received by the market as a positive sign for U.S. soybean demand. On Friday, however, USDA announced a sale to China totaling only 26,000 MT for shipment in 2015/16. The assumption was that much larger sales for the year would be announced yesterday, but that did not occur. Instead, USDA reported the sale of 1 MMT to China for shipment in 2016/17.The...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.