ADM announced yesterday that it plans to add capacity at its rapeseed crushing plant in Straubing, Germany to process non-GM soybeans predominately sourced in the Danube River basin. Cargill to Expand Wichita Soy Crush Plant Cargill announced this week that it plans to expand the capacity of its soybean crushing facility in Wichita, Kansas by 30 percent at an expected cost of $50 million. This is projected to be completed in 2017. The company recently spent $10 million to enlarge capacity at its adjacent oil dressing refining plant. Cargill’s Wichita crushing facility is well located to receive soybeans from growers in central and western Kansas, eastern Colorado, Oklahoma, and the upper Texas Panhandle. ADM to Add Capacity to Crush Non-...
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.