The Market The trend remains downward for soybeans and yet this week provided a bounce off the bottom. The move reflects some belief that demand is sufficient despite a weak U.S. export profile. It also ignores the fact that demand from China from all sources is lower with January-February imports hitting a five-year low. Bullish factors include USDA’s reduction in global soybean carryout, tight palm oil supplies, and good demand for soymeal and renewable diesel. Value added since last week’s close puts May soybeans up by 32.75 cents (2.8 percent) at 1184/bushel; May soymeal up by $9.10 (2.7 percent) at 341.4/ST, and May soyoil up 1.01 cents (2.2 percent) at 46.17/pound. The week also saw canola futures pushed back above...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.