Europe’s Promise to Import More U.S. Soybeans a Nothingburger When EU President Juncker met with President Trump yesterday to seek a way to avoid an escalation of the EU-U.S. trade dispute, one of his promises was that Europe would buy more U.S. soybeans in the year ahead. This was claimed as a great success by President Trump. However, greater EU imports were going to happen anyway and not worth Trump’s praise. First, the EU Commission is not a soybean buyer and does not determine what private sector importers purchase. Because of the current U.S. dispute with China and the latter’s imposition of an additional 25 percent tariff on U.S. soybeans, EU importers have already started to purchase more of them. This is b...
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.