Palm oil futures prices rose today to a two-year high as a result of increased exports and expectations that production will decline because of reduced rainfall associated with El Nino. Meanwhile, tightening palm oil supplies are having a positive impact elsewhere. U.S. DDGS Exports to China Continue to Decline China’s DDGS imports fell to 180,337 MT last month, 38 percent below January and the lowest level since February 2015. The reason for the decrease is the ongoing Chinese anti-dumping investigation to determine if U.S. DDGS exports are being sold below market prices. China is by far the world’s largest DDGS importer.Buyers in China are reluctant to import U.S. DDGS because they run the risk of having anti-dumping duties collected re...
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...
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.