Chinese Crushers Reportedly Buying U.S. Soybeans Trade sources indicated Chinese companies today purchased at least 600,000 MT of U.S. soybeans for shipment from the PNW in October through December. Apparently the Chinese government has granted five companies (Jiusan, Wilmar, Chinasea, Bohai and Hopefull) the right to collectively import 5 MMT of U.S soybeans without having to pay the current 30 percent tariff. The decision to exempt 5 MMT of U.S. soybeans from the 30 percent tariff appears to be a goodwill measure by the Chinese government. It also will please the five companies that will benefit from the exemption that are now having to pay about a $30/MT premium to buy Brazilian soybeans. Whatever the reason, the sales to China a...
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.